Iran has just entered into an agreement to import petrol from, Venezuela.
This may surprise a few people but Iran's decrepit oil industry lacks refining capacity so they export crude oil and import refined fuel. Hang on a minute, is'nt Iran the country that is helping us to build a brand new refinery in Colombo??? Lets hope we don't end up with a another Mihin Air.
Anyway, Iran exports crude and imports refined oil, but why go halfway across the world to import petrol when there is plenty of it nearby? Presumably its a super deal, which probably means that the poor Venezuelan is about to subsidise Iran's oil bill, just so that it boosts their leader's ego and sphere of influence? Or perhaps its case of the two countries concerned being rather short of friends, which has driven them to each others arms? Hang, on, hang, these are our friends, right?
2 comments:
finally a post! where have you been?
LD, thanks for dropping by. Was burned out....:( there was little left to write...lets see if I can make a comeback!
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