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Venezuela to escort Iranian fuel tankers

- Five Iranian fuel tankers sail towards Venezuela to supply fuel for its refineries which are facing acute gasoline shortages

home > Transportation/Fuel Oil, Oil, World 21.05.2020 15:16 Sibel Morrow

Venezuela to escort Iranian fuel tankers

Venezuelan military planes will escort five Iranian tankers carrying much-needed fuel to the Latin American country in defiance of US sanctions on both nations’ oil exports, according to Venezuela’s defense minister on Wednesday.

'We have already contacted the Iranian defense minister. When all those tankers enter our Exclusive Economic Zone, they will be escorted by vessels, tankers and planes of National Bolivarian Armed Forces (FANB), to give them a welcome and say ‘Thank you for such solidarity’,' said Venezuelan Defense Minister Vladimir Padrino Lopez in Wednesday’s statement.

Five Iranian super-tankers carrying gasoline and other similar products, estimated to be worth $45.5 million, have sailed towards Venezuela, which has been facing acute shortages of gasoline at its refineries.

The fuel shipments were dispatched on the request of Venezuelan President Nicolas Maduro.

The tankers embarked on the long journey to Venezuela from Iran’s coastal city of Bandar Abbas in the Persian Gulf region and traveled around the Arabian Peninsula through the Suez Canal before entering the waters of the Mediterranean Sea, according to data gathered from the ship’s Automatic Identification System (AIS), which helps in tracking the movement of vessels.

The first Iranian tanker is expected to reach the Venezuelan shores on May 25.

Lopez also said his country welcomes Iranian help, which he described as 'humanitarian aid, just as we have received it from Russia, China and other countries of the world.'

Meanwhile, Maduro told state-run media that 'we're ready for whatever, whenever,' and thanked Iran for 'all the support' for his country despite US threats.

-Oil in exchange for gold

According to media reports, Tehran will receive at least nine tons of gold in exchange for gasolines supplies to Venezuela.

The Latin American country is said to hold some 70 tons of gold, which has become a valuable asset for the country battling its economic woes.

-US threat

The networking between Tehran and Caracas, however, has not gone down well with Washington, which reportedly deployed a fleet of warships in the Caribbean waters.

A senior official in Washington said in statements last week that the US was considering measures in response to Iran’s shipment of fuel to Venezuela.

Iran, for its part, warned that any 'pirate-like' action by the US Navy against the Iranian fuel shipments to Venezuela would trigger a “harsh response”, Iran’s Nour News Agency reported.

The Iranian Foreign Ministry also warned the US against what Tehran termed 'foolish action' against Iranian oil tankers and stressed there are no legal restrictions to any trade between Iran and Venezuela.

Iran's Foreign Minister Javad Zarif also sent a letter to the UN Secretary-General, describing the US’ warnings as 'illegal, dangerous and provocative threats' and said any action taken would be deemed 'piracy' and a 'great threat' to international peace and security.

By Sibel Morrow

Anadolu Agency

energy@aa.com.tr



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US' mthly. petroleum exports exceed imports for 1st time

- Petroleum exports come in at 89,000 barrels a day higher than imports in September 2019 -- a first since records began
07.12.2019 Upstream , Downstream , Refining/Petro Chemistry , Transportation/Fuel Oil , Energy Diplomacy , Americas , General

OPEC meeting ends without conclusion after six hours

- "We can't say we have an agreement until we meet with our colleagues in non-OPEC," Saudi energy minister says
06.12.2019 Oil , Downstream , Refining/Petro Chemistry , Transportation/Fuel Oil , Europe , Middle East-Africa , General

Oil supply shadowing demand puts OPEC in tough spot

- OPEC conference president comments come in difficult situation, OPEC finds itself in against US shale
06.12.2019 Oil , Transportation/Fuel Oil , Energy Diplomacy , Energy Security , International Organization , General

Saudi Arabia becomes largest oil exporter to China

- Chinese crude imports from kingdom soars 77% to 1.98 million barrels per day from 1.12 million barrels per day in Oct. 2018
27.11.2019 Transportation/Fuel Oil , Asia , Middle East-Africa

US' Permian oil production to rise by 18.6% in 2020

- Crude production in Permian region estimated to average 4.3 million bpd in 2019, and 5.1 million bpd in 2020
23.11.2019 Upstream , Transportation/Fuel Oil , Americas

Global number of electric cars hits 5 mln. in 2018: IEA

- Electric car sales up by 2 million in 2018, according to International Energy Agency
17.11.2019 Electricity , Transportation/Fuel Oil , World

Profitable Saudi oil to prompt demand for Aramco IPO

- "You are buying on the basis that it is highly profitable, and there is going to be demand for Saudi oil," expert says
16.11.2019 Refining/Petro Chemistry , Transportation/Fuel Oil , Oil , Energy Diplomacy , Energy Security , International Relations , Energy Projects , General

Destinations of US crude oil exports surpass imports

- In Jan-July period, number of source destinations for US' crude imports fell to 27, while exports rose to 31 per month
24.10.2019 Transportation/Fuel Oil , Americas

Baku-Tbilisi-Ceyhan pipeline delivers 3.3 bbl of oil

- Highest oil delivery was made in 2010 with 286.2 million barrels
17.10.2019 Transportation/Fuel Oil , Turkey , Eurasia

Ecuador to leave OPEC on January 1st: Energy Ministry

- South American nation says decision in line with fiscal sustainability goals
02.10.2019 Transportation/Fuel Oil , International Organization , General

Oil prices decline as Saudis restore majority of output

- Oil output at two key Aramco facilities stands at 6.2 million barrels per day, compared to pre-attack level of 7 million
28.09.2019 Transportation/Fuel Oil , Energy Diplomacy , General

Kirkuk-Ceyhan oil pipeline Turkey's strategic priority

- Another dimension of our energy relations with Iraq is electricity, says Turkish envoy
16.09.2019 Transportation/Fuel Oil , International Relations , Turkey , Middle East-Africa

Trump cancels trip to Poland due to Hurricane Dorian

- Florida declares state of emergency as hurricane approaches with landfall expected this weekend
30.08.2019 Downstream , Transportation/Fuel Oil , Energy Security , Americas , General

Canadian firm turns non-recyclable plastics to fuel

- Pilot project helps divert plastic from landfills
16.08.2019 Transportation/Fuel Oil

BP, Reliance take on India's fuel and aviation business

- Number of passenger cars in India expected to surpass 220 million in 20 years
08.08.2019 Transportation/Fuel Oil , International Relations , Energy Projects , Asia

Iraq denies links with oil tanker seized by Iran

- Authorities trying to gather information about ship seized by Iran, says Iraq’s Oil Ministry
07.08.2019 Transportation/Fuel Oil , Energy Diplomacy , Energy Security

Oil prices steady with weak demand, Iran tension

- US-China trade conflict continues to weaken global oil demand
10.07.2019 Transportation/Fuel Oil , International Relations , Asia , Americas

Oil heads for biggest monthly gain before OPEC meeting

- Brent set to gain 6.75%, while WTI heads towards a 11.5% upturn in June
29.06.2019 Transportation/Fuel Oil , Stock Market , Energy Security , Americas , Middle East-Africa

Oil prices up as US-Iran tension escalates

- "Any attack by Iran on anything American will be met with great and overwhelming force," Trump says
26.06.2019 Transportation/Fuel Oil , Stock Market , Americas , Middle East-Africa

Oil steady as Trump queries US protection of oil lanes

- "... Why are we protecting the shipping lanes for other countries (many years) for zero compensation," says Trump
25.06.2019 Transportation/Fuel Oil , Stock Market , International Relations , Americas , Middle East-Africa

US-Iran tension threatens secure energy supply in Hormuz

- Strait sees daily average oil flow of 21 million bpd in 2018, equivalent of 21% global petroleum liquids consumption
22.06.2019 Transportation/Fuel Oil , Energy Security , Americas , Middle East-Africa

EC approves €431M clean transport support in Germany

- Germany aims to reduce nitrogen oxides emissions by 1,450 tonnes per year with support scheme
20.06.2019 Transportation/Fuel Oil , Europe

Oil prices continue gains after tanker attacks in Oman

- Attacks increase secure oil supply worries from region
14.06.2019 Transportation/Fuel Oil , Stock Market , Energy Security , Americas , Middle East-Africa

Turkey's energy import bill up 12.5% in April 2019

- Total imports cost nearly $17.46 billion in April, with energy accounting for 20%
01.06.2019 Transportation/Fuel Oil , Turkey

Oil steady with attack on Saudi station, US-China trade

- Saudi pipeline - strategic for crude exports from Red Sea as alternative route to Strait of Hormuz
16.05.2019 Transportation/Fuel Oil , Energy Security , Americas , Middle East-Africa

Lower income EU countries fail to uptake electric cars

- Half of all EU member states have market share lower than 1% in electric cars, ACEA data shows
11.05.2019 Renewable , Transportation/Fuel Oil , Europe

EU electric cars trade surplus reaches €3 bln. in 2018

- Germany, Sweden and the UK were the largest importer and exporter countries for electric cars in 2018
11.05.2019 Renewable , Transportation/Fuel Oil , Europe

60% of new cars run on petrol in EU in 1Q19

- Electrically-chargeable vehicles (ECV) account for 2.5% of all cars during the first quarter
09.05.2019 Electricity , Natural Gas , Oil , Transportation/Fuel Oil , Europe

Number of electric, hybrid cars in EU reach 2M in 2017

- The highest number of cars either electric or hybrid electric was in Sweden in 2017, Eurostat says
07.05.2019 Electricity , Transportation/Fuel Oil , Europe

Saudi border guards rescue Iranian oil tanker crew

- Oil tanker, carrying 24 Iranian sailors and 2 Bangladeshi nationals, broke down southwest of Jeddah seaport
02.05.2019 Transportation/Fuel Oil , General

London drivers face new emission charges

- Driving in central London just got more expensive for vehicles that are not up to new emission standards
08.04.2019 Transportation/Fuel Oil , Europe

EC says Volkswagen, BMW, Daimler broke antitrust rules

- Europeans may have been denied the opportunity to buy cars with best available technology, EU commissioner says
06.04.2019 Transportation/Fuel Oil , Regulation , Europe

EU sets 37.5% CO2 reduction target for new cars by 2030

- New legislation also sets a CO2 reduction target of 31 percent for new vans by 2030
29.03.2019 Transportation/Fuel Oil , Regulation , Renewable , Energy Diplomacy , Europe

US biofuels trade, prod. to remain stable through 2020

- Ethanol exports have accounted for an increasing share of production since 2013, administration says
05.03.2019 Transportation/Fuel Oil , Americas

Share of renewables in EU transport totals 7.6% in 2017

- Only Sweden and Finland were above 2020 target of 10 percent in 2017
23.02.2019 Renewable , Transportation/Fuel Oil , Europe

EU agrees on first-ever emission standards for trucks

- New agreement says emissions from new trucks will have to be 30 percent lower in 2030 than in 2019
20.02.2019 Transportation/Fuel Oil , Regulation , Europe

US' retail gasoline price ends 2018 lower

- Gasoline price in US falls for 12 weeks in a row at the end of 2018 -- longest consecutive weekly drop in four years: EIA
08.01.2019 Transportation/Fuel Oil , International Relations , Americas

Trump touts low gas prices and forecasts more declines

- Gasoline prices in US see fall of 7.1 percent since Dec. 7
03.01.2019 Transportation/Fuel Oil , Stock Market , International Organization , Americas

‘Yellow vest’ protests grow violent in France

- Protesters want President Emmanuel Macron to reduce fuel taxes, economic harships
03.12.2018 Transportation/Fuel Oil , Eurasia , Middle East-Africa , General

Israel bans fuel shipments into Gaza

-On Friday, Lieberman ordered a halt to fuel shipments to Gaza following protests on border
15.10.2018 Transportation/Fuel Oil , Energy Diplomacy

More Qatari fuel allowed into Gaza for sole power plant

- Ramallah-based Palestinian government voices ‘total rejection’ of ‘suspicious’ fuel shipments
11.10.2018 Electricity , Transportation/Fuel Oil , Middle East-Africa

Norway mandates 0.5 percent biofuel for airlines

- As part of effort to reduce emissions, requirement will be introduced in 2020, Climate and Environment Ministry says
05.10.2018 Transportation/Fuel Oil , Europe , General

Turkey’s domestic hybrid locomotive showcased in Berlin

- New locomotive will save 40 percent on fuel with hybrid technology
20.09.2018 Electricity , Transportation/Fuel Oil , Turkey , Europe

26 city mayors commit to procure zero-emission buses

- Cities' action will prevent 11,000 premature deaths per year from air pollution
16.09.2018 Transportation/Fuel Oil , World , Europe , Americas

Gaza hospitals to stop services over fuel crisis

-Gaza boasts a total of 13 Ministry-run hospitals and 54 primary health care centers
10.09.2018 Transportation/Fuel Oil , Middle East-Africa , General

Ford recalls 2 million pickups due to fire risk

- Company says seat belts can generate sparks
07.09.2018 Transportation/Fuel Oil , World

Number of global air passengers exceeds 4B in 2017

- Number of air passengers all around world rises 7.3 percent year-on-year
07.09.2018 Transportation/Fuel Oil , World

Saudi Aramco to help develop advanced engine/fuel combo

-Joint research program with Mazda and Japanese research facility AIST could improve engine efficiency and cut CO2 emissions
10.08.2018 Transportation/Fuel Oil , News from companies , Asia , Middle East-Africa

Turkey: Air passenger traffic hits 120.4M in Jan-July

- Number of passengers passing through Turkish airports rose 14 percent year-on-year
08.08.2018 Transportation/Fuel Oil , Turkey

Libyan oil firm resumes exports following 1-week hiatus

- Italian ambassador hails move, calling it 'evidence that Libyans can work together’
12.07.2018 Oil , Downstream , Transportation/Fuel Oil , Energy Security , Middle East-Africa

Turkey's hybrid car sales up 61.5% in 1st half of 2018

- Number of hybrid cars sales in first half of 2018 reaches 2,263
09.07.2018 Electricity , Transportation/Fuel Oil , Turkey

Turkey to stabilize consumer fuel tax with new rule

- Turkey aims to balance fuel prices in case of fluctuations in international oil prices and exchange rates
17.05.2018 Transportation/Fuel Oil , Turkey

CO2 emissions from new cars in EU increases in 2017

- In 2017, new EU car fleet sees increase in average CO2 emissions since 2010
25.04.2018 Oil , Transportation/Fuel Oil , Europe

China denies allegations of oil trade with N. Korea

- China says country supports decisions of United Nations
29.12.2017 Transportation/Fuel Oil , Energy Diplomacy , Energy Security , Asia

Oil prices between $70-$75 ideal: senior Iraqi official

- If there is practical need to extend oil cut agreement, it is likely all governments will support it, Iraqi Ambassador says
29.11.2017 Downstream , Transportation/Fuel Oil , International Organization , Americas , Middle East-Africa
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