Middle East Economic Survey

VOL. LIV

No 4

24-Jan-2011

IRAN

Venezuela Halts Fuel Exports To Iran, As Mirkazemi Predicts Self-Sufficiency

Venezuelas Minister of Energy and Petroleum Rafael Ramirez told Reuters on 16 January that Venezuela has suspended exports of transport fuel to Iran as a result of Irans current self-sufficiency in production. Venezuela and Iran signed an agreement in September 2009 for the export of up to 20,000 b/d of transport fuel in the event of tightening...