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.
First Published: Monday, August 26, 2013, 09:16