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Iran Sends Ship to Load Venezuela Oil in Defiance of Sanctions

Published 12/13/2020, 12:25 PM
Updated 12/13/2020, 12:54 PM
© Bloomberg. An oil tanker in the ocean. Photographer: Marcelo del Pozo/Bloomberg

(Bloomberg) -- Ndros, a crude tanker booked by the National Iranian Oil Company, arrived at the Venezuelan coast and is expected to load crude as ties between the two countries sanctioned by the U.S. get deeper, according to document seen by Bloomberg News.

  • Ndros is scheduled to load 1.9m bbl of Merey 16 at Venezuela’s government-controlled port of Jose
    • NIOC is listed as client, PDVSA as shipper
    • New Shipping Ltd-LIB is the beneficial owner of the Palau-flagged vessel
    • Vessel turned off transponder Friday, while sitting off port of Jose
  • VLCC Ndros is 2nd to load crude for the NIOC, according to data compiled by Bloomberg; in September, the Iran-flagged ship Horse was the first to load Venezuelan crude for the NIOC
  • Iran’s oil ministry declined to comment on the matter
  • PDVSA didn’t immediately return message seeking comment
  • NOTE: Tehran has been supplying gasoline, food for Venezuela while Caracas has supplied gold as payment for the assistance
  • Related: Biggest Iranian Flotilla Yet En Route to Venezuela With Fuel

©2020 Bloomberg L.P.

© Bloomberg. An oil tanker in the ocean. Photographer: Marcelo del Pozo/Bloomberg

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