A cargo of Iranian condensate intended for Venezuela’s state-run oil company, PDVSA, the fourth delivery this year, will discharge in coming days at the country’s main oil port, a Venezuelan lawmaker said on Thursday. Iran last year began providing PDVSA with condensate that is used to make the South American nation’s extra heavy oil exportable. This year, PDVSA and the National Iranian Oil Company (NIOC) signed a swap deal that formalized the exchange of Venezuelan crude for Iranian condensate. The swaps, occurring amid U.S. sanctions on both nations and their oil industries, have allowed PDVSA to ramp up crude output this autumn to levels close to those of early 2020. “Two million barrels of diluent have just arrived. Where? […]