Iran is sending a large fleet of oil tankers to Venezuela to help the Latin American nation survive a severe lack of fuel, Bloomberg has reported, citing sources. Both countries are facing US sanctions targeting their oil trade.
According to the sources, some of the flotilla of around ten Iranian vessels will also help export Venezuelan crude after discharging fuel.
The current fleet under sail is about double the size of the one that first startled international observers in May when crossing part of the Caribbean Sea patrolled by the US Navy, they said.
The last Iranian fuel shipments sent in early October on three vessels are running out, threatening steeper nationwide shortages.
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The sources said that the two nations are also discussing ways for Iran to help Venezuela overhaul its Cardon refinery, the last fuel plant there to operate more or less regularly. (RT)
