By Maya Lester KC & Michael O’Kane

Venezuela and Iran reported to have struck oil deal

The Venezuelan and Iranian state-run oil companies Petroleos de Venezuela (PDVSA) and National Iranian Oil Company (NIOC) are reported to have agreed a deal to swap Venezuelan heavy oil for Iranian condensate. The US maintains sanctions on the Venezuelan and Iranian oil sectors as well as the specific designations of both companies (see post and post).

IranIran VenezuelaVenezuela United StatesUnited States

About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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