Venezuela’s Maduro thanks Iran for helping oil industry overcome U.S. sanctions

Must Read

Saipem Guyana operations supported by 80 percent local workforce – Managing Director

Since starting operations in Guyana in May 2018, Italian multinational oilfield services company Saipem has established a...

E&P companies took up combined debt of $72 billion in Q2 2020 – EIA analysis

The United States Energy Information Administration (EIA) said its latest analysis has found that debt levels among...

Costly effects of pandemic make Paris Agreement 2050 targets unlikely – Wood Mackenzie

In light of the fact that nearly US$20 trillion or 25% of global Gross Domestic Product (GDP),...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

(Reuters) – Venezuelan President Nicolas Maduro on Sunday thanked ally Iran for helping the South American country overcome U.S. sanctions on its oil industry and floated the idea of purchasing missiles from the country.

Washington maintains strict sanctions against Iran’s oil industry to try to halt the country’s nuclear program. Earlier this year, Tehran sent several gasoline cargoes to Venezuela to help it overcome fuel shortages, as well as equipment to help state oil company PDVSA repair its dilapidated refineries.

“We are helping each other,” Maduro said in an interview broadcast on state television. “I think the Iranian experience will help us reinforce our management capacity.”

He did not provide further details of how Iran was helping, noting he should maintain “silence since we are in a war.”

Washington’s sanctions on PDVSA are meant to pressure Maduro, a socialist accused of rigging his 2018 re-election, to resign. Earlier this month, the United States seized four cargoes of Iranian gasoline en route to Venezuela.

The growing ties between Iran and Venezuela are concerning other countries in the region. Colombian President Ivan Duque said this week Maduro was eyeing missile purchases from Iran, which Venezuelan officials denied.

But in the interview, Maduro said Duque’s statement was a “good idea” he had not yet considered. “If it is possible and convenient, we will buy those missiles,” he said.

- Advertisement -

Latest News

Saipem Guyana operations supported by 80 percent local workforce – Managing Director

Since starting operations in Guyana in May 2018, Italian multinational oilfield services company Saipem has established a...

E&P companies took up combined debt of $72 billion in Q2 2020 – EIA analysis

The United States Energy Information Administration (EIA) said its latest analysis has found that debt levels among Exploration and Production (E&P) companies...

Costly effects of pandemic make Paris Agreement 2050 targets unlikely – Wood Mackenzie

In light of the fact that nearly US$20 trillion or 25% of global Gross Domestic Product (GDP), is earmarked for responding to...

ExxonMobil empowering Guyanese women through global training programme

Several Guyanese women who have participated in the Global Women in Management (GWIM) training programme, funded by the ExxonMobil Foundation, have taken...

Exxon shortlists bidders for multi-billion dollar assets sale in Malaysia

(Bloomberg) --Exxon Mobil has narrowed the list of bidders for its oil-producing offshore assets in Malaysia that could potentially raise $2 billion...

More Articles Like This