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Iran, Venezuela Launch Direct Shipping Line To Further Boost Bilateral Trade

Iran, Venezuela Launch Direct Shipping Line To Further Boost Bilateral Trade

The diplomatic mission stated in a press release that the primary ship has just lately left an Iranian port for Venezuela  and that one vessel is slated to set sail for the Latin American state each three months.

The beginning-up of the common maritime transport line is a part of joint efforts by Iran and Venezuela to neutralize the powerful financial sanctions imposed by the USA on each nations.

Final week, Venezuela’s Telesur reported that the 2 largest Iranian carmakers, Iran Khodro and Saipa, used the direct delivery line to switch hundreds of vehicles to the South American nation.

The rising cooperation has, amongst different issues, helped the 2 main oil producers promote their crude cargoes to worldwide clients.

Iran has equipped Venezuela with massive volumes of gasoline and condensate, a really gentle type of oil that Venezuela wants to combine with its super-heavy crude earlier than supplying it to refiners.