Page 10 - LatAmOil Week 38 2022

LatAmOil VENEZUEL A LatAmOil

Venezuela announces delivery of

third Iranian-built crude oil tanker

VENEZUELAN President Nicolas Maduro Venezuela received its second Iranian tanker,
has announced the delivery to his country of an Aframax vessel with a deadweight of 80,000
an “advanced” oil tanker made in Iran as part of to 120,000 tonnes and the capacity to transport
a bilateral arrangement, Tasnim News Agency 113,000 tonnes (750,000 barrels) of oil, on June
reported on September 18. 11 of this year.
“We have just received a ship with the most Maduro announced in June that a fourth
advanced engineering and technology in the tanker would be delivered by Iran to PDVSA
world,” Maduro said, according to Venezuelan in 2024, thus completing a four-tanker contract
state TV. negotiated by the two countries. ™
The vessel, he said, was manufactured by Ira-
nian shipbuilders at Venezuela’s request.
“Now comes an oil tanker to serve as a cargo
ship for our revolutionary PdVSA,” he added,
referring to the national oil company (NOC).
Iran and Venezuela — which have for the
past few years been making pointed demon-
strations of solidarity with each others, as both
are burdened by heavy economic sanctions
imposed by the US — are working together to
restore some of the latter’s beleaguered oil refin-
ing industry. Meanwhile, Venezuela is expected
to provide Iran with another outlet for some of
its exports, including oil sector technologies and
petroleum products.
The vessel is the third Iranian-built tanker
delivered to Venezuela. It was built by Iran
Marine Industrial Co., known as Sadra. Maduro described the tanker as an “advanced” crude oil carrier (Photo: Tasnim)

BRAZIL
CADE gives Gaspetro green light for sale of

stakes in four state-level gas distributors

THE Brazilian government’s anti-trust agency, connection with its own sale to Compass Gas,
the Administrative Council for Economic a gas-focused subsidiary of the Brazilian energy
Defence (CADE), has authorised Gaspetro, a and logistics conglomerate Cosan. Compass Gas
natural gas distribution firm, to proceed with arranged to buy a 51% stake in distributor from
the sale of stakes in four state-level distributors Petrobras, Brazil’s national oil company (NOC),
to Termogas, a domestic gas holding company. in July 2021. Since then, it has announced
CADE revealed last week that it had approved plans to give the gas distributor a new name
Gaspetro’s plan to unload its equity stakes in the – Commit.
gas distributors serving the states of Amapa, As a condition of the deal, Compass struck
Goias, Piaui and Rondonia. As a result, Ter- an agreement with CADE in June of this year to
mogas will now be able to acquire stakes in the unload stakes in 12 of Gaspetro’s 18 state-level
Gasap distributor, which serves Amapa; Goias- gas distributors. This arrangement was designed
gas, which serves Goias; Gaspisa, which serves to assuage concerns that the sale of Gaspetro to
Piaui; and Rongas, which serves Rondonia. Compass Gas would give Cosan too much influ-
Gaspetro is having to divest these assets in ence over the Brazilian gas sector.

P10 www. NEWSBASE .com Week 38 21•September•2022