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Palestinians to buy fuel from Venezuela

Ramallah: The Palestinian National Authority (PNA) has signed a deal with Venezuela to import fuel from the South American country, a minister said Sunday.The agreement was signed in Caracas Saturday, Xinhua reported citing Palestinian Foreign

IANS [ Updated: August 26, 2013 8:56 IST ]
palestinians to buy fuel from venezuela
palestinians to buy fuel from venezuela

Ramallah: The Palestinian National Authority (PNA) has signed a deal with Venezuela to import fuel from the South American country, a minister said Sunday.






The agreement was signed in Caracas Saturday, Xinhua reported citing Palestinian Foreign Affairs Minister Riad Al-Maliki.

Palestinians import oil from Israel at steep prices. Al-Maliki said PNA will talk with Israel on a new deal and may propose to import the Venezuelan petrol via Israeli ports or a Jordanian port in case Israel rejects the proposal.

The minister said the deal's tenure was five years and would reduce PNA's "huge payments" on the oil imported from Israel.

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