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Iran and Venezuela strike oil swap deal in the face of US sanctions

september 28, 2021by Reacties uitgeschakeld voor Iran and Venezuela strike oil swap deal in the face of US sanctions

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Iran and Venezuela have struck a deal to swap heavy Venezuelan crude for Iranian condensate, Reuters has reported, citing unnamed sources familiar with the deal.

According to these sources, the swaps are set to begin this week and last for six months, although they could be extended. The imports of Iranian superlight crude will help Venezuela revive its falling oil exports amid US sanctions that,

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