Iran's fuel reaches Venezuelan stations, fifth tanker headed to Caribbean

Iran's fuel reaches Venezuelan stations, fifth tanker headed to Caribbean...
msn.com 31/05/2020 News

Keywords:#Black_Lives_Matter, #Caracas, #Donald_Trump, #Energy_Ministry, #International_Criminal_Court, #Iran, #Iranian, #Jorge, #Mexico, #Msn.com, #Nicolas_Maduro, #President, #Reuters, #Saturday, #Trump, #United_States, #Venezuela, #Washington, #Wholesale

By Deisy Buitrago and Mircely Guanipa
CARACAS/MARACAY,Venezuela (Reuters) - Venezuela's state-run oil company PDVSA began supplying the nation's stations on Saturday with fuel provided by ally Iran as drivers wait anxiously for the gasoline to be sold, according to four sources involved in the distribution.
As authorities in the country - which had enjoyed the world's cheapest gasoline for two decades - prepare to expand retail sales, the fifth cargo of Iran's five-vessel flotilla heads to the Caribbean Sea and is expected to reach Venezuelan waters on Sunday, according to Refinitiv Eikon data.
Of 1,800 stations in Venezuela, about 240 have remained working since President Nicolas Maduro announced coronavirus-related lockdown measures in March, which included restrictions on fuel sales due to very low inventories.
A new fuel distribution plan not yet detailed officially is expected to include 1,540 stations nationwide. Wholesale supply began on Saturday in several regions, following tests earlier this week aimed at implementing automated retail sales and control systems starting in early June, the sources said.
Lines of drivers began forming at stations in cities including Maracay, Valencia and Caracas.
"I was told they are filling stations with gasoline today," said Alex Chirinos, a 36-year old taxi driver lining up at a station in Maracay.
It remained unclear whether the plan will include a price hike and how long the 1.5 million barrels of Iranian fuel arriving will last. Gasoline has been heavily subsidized in Venezuela for more than 20 years, but acute scarcity has recently encouraged a black market forcing people to pay at least $2 per liter.
PDVSA and Venezuela's Energy Ministry did not reply to requests for comment.
Venezuela's refineries, which can produce over 1.3 million barrels per day (bpd) of fuel, have worked at less than 20% of their capacity in 2020 mainly due to power outages and lack of spare parts.
As U.S. sanctions imposed on PDVSA since 2019 have also limited the sources and types of products Venezuela can import, Maduro's administration this year resorted to Iran for refining components and fuel.
The supply has been criticized by the United States as both nations are under sanctions.
Washington has warned governments, seaports, shipping firms and insurers that they could face sanctions if they aid the Iranian supply, U.S. special envoy for Venezuela, Elliott Abrams, said on Friday.
Venezuela's Foreign minister Jorge Arreaza, who accuses U.S. President Donald Trump of being responsible for the fuel crisis, said late on Friday that his government will use Abrams' comments as proof in a case against sanctions at the International Criminal Court.
(Reporting by Deisy Buitrago in Caracas, Mircely Guanipa in Maracay, Tibisay Romero in Valencia and Marianna Parraga in Mexico City; Editing by Daniel Wallis)
---Iran's fuel reaches Venezuelan stations, fifth tanker headed to Caribbean Black Lives Matter ---
...

Read more from Source »

Related articles based on keyword density
‘Shameless, ignorant, new Hitler’: Iran & Venezuela fire back after Tr...
rt.com 20/09/2017 Politics
Two of the most prominent targets of Donald Trump’s maiden UN speech, Iran and Venezuela, have responded to the US president’s condemnations with som...View Details»

5 Iran tankers sailing to Venezuela amid US pressure tactics...
msn.com 17/05/2020 News
By JON GAMBRELL, Associated Press 2 hrs ago [share via email] How to strengthen sibling bonds Mousavi Iran slams US' 'acts of sabotage' DUBAI, United...View Details»

U.S. and Iran Accuse Each Other of Ruining the World as They Send Top ...
msn.com 21/07/2019 Politics
By Tom O'Connor The U.S. and Iran have accused one another of fostering global instability as both countries sent their top diplomats to Latin Ameri...View Details»

IRAN NUCLEAR TALKS STUMBLE, EXTENDED UNTIL JULY ...
hosted.ap.org 24/11/2014 News
BY MATTHEW LEE AND GEORGE JAHN ASSOCIATED PRESS VIENNA (AP) -- Still facing significant differences between the U.S. and Iran, negotiators gave up on...View Details»

Iranian delegation travels to Venezuela to discuss direct flight route...
sg.news.yahoo.com 09/04/2019 Auto
LONDON/CARACAS (Reuters) - An Iranian delegation landed in Venezuela on Monday to discuss launching direct flights between the two countries, Venezuel...View Details»


EOF