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.