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Caracas ready to sell gasoline to Iran

Business Materials 24 August 2010 17:51 (UTC +04:00)

Venezuela will continue to supply Iran with gasoline despite the threat of international sanctions.

David Velasquez, Venezuela's ambassador to Tehran, said on Thursday that his government would not be "bullied" into halting gasoline shipments, the Econews news agency reported.

"We are at the service of Iran, and whenever Iran needs, we will supply it with gasoline," Velasquez said.

"Caracas is ready to export 20,000 barrels of gasoline per day to Iran," he added.

The United Nations in June imposed new economic sanctions on Iran because of concerns about its nuclear program.

The United States and European Union have also approved their own measures, which go further than the UN resolution.

Hugo Chavez, the Venezuelan president, has defended Iran's nuclear program as "peaceful" and condemned the UN sanctions resolution.

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