Iran Bucks US Sanctions to Export Venezuelan Crude | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Iran Bucks US Sanctions to Export Venezuelan Crude

After defying U.S. sanctions by shipping a cargo of oil condensate to Venezuela just last week, Iran is using the same ship to help the Latin American country export its crude.

The Iran-flagged supertanker Honey, also known as Horse, is loading Venezuela’s top exported grade Merey 16 at Venezuela’s government-controlled port of Jose, according to a shipping report seen by Bloomberg. The shipments give some respite to the nation’s hobbled oil industry, as most shipowners avoid doing business with the country for fear of sanctions.

The vessel, which just discharged 2 million barrels of Iranian condensate , turned off its satellite signal to avoid detection after the U.S. was able to intercept 1.116 million barrels of gasoline going to Venezuela in August. Bloomberg reported that the ship was discharging its contents in Venezuela last week though ship-tracking signals still show the ship off the coast of Dubai.

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