2.6 C
New York
Friday, February 26, 2021

Third Iranian tanker docks at Venezuelan port; Maduro promises fuel supply

Must read

China expected to unveil hike in military budget as tensions rise

World8 minutes ago (Feb 26, 2021 04:35AM ET) ...

Clarifying Janet Yellen’s Comment On Digital Assets

Cryptocurrency12 minutes ago (Feb 26, 2021 04:30AM ET) ...

Is Satoshi Back? Bitcoin Wallet Moves After A Decade

Cryptocurrency12 minutes ago (Feb 26, 2021 04:30AM ET) ...

NHL roundup: Panthers rally late to beat Stars

(C) Reuters. NHL: Chicago Blackhawks at Dallas Stars ...
imageWorld19 minutes ago (Oct 04, 2020 08:25PM ET)

CARACAS (Reuters) – The final tanker in a flotilla of three Iranian fuel tankers docked at eastern Venezuela’s Guaraguao port on Sunday, according to Refinitiv Eikon data and a person familiar with the matter, as President Nicolas Maduro promised to normalize fuel supply in the gasoline-starved country.

The three tankers, which began arriving last week, brought some 820,000 barrels of fuel to the South American country, where severe shortages of gasoline — as well as unreliable power, water and cooking gas supplies — have led to a wave of protests in the neglected interior in recent weeks.

The shortages come as state oil company Petroleos de Venezuela’s once-formidable 1.3 million barrel per day (bpd) refining network has all but collapsed, although two refineries have for the past week been producing around 50,000 bpd of gasoline.

Maduro last week announced a new rationing plan, set to begin on Monday, in which authorities would distribute fuel according to motorists’ license plate numbers.

“Tomorrow, October 5, the plan to normalize and restart the gasoline distribution situation begins,” Maduro said in a Sunday state television address. “We have in the last week managed to produce the gasoline and other products Venezuela needs, in addition to the good quantity of gasoline that has arrived from abroad.”

The Faxon entered Venezuelan waters on Saturday and docked at the Guaraguao fuel port, which is connected to the Puerto La Cruz refinery, on Sunday afternoon, according to the person familiar with the matter. The other tankers are docked at refineries in the west and central regions of Venezuela.

Iran and Venezuela have intensified economic cooperation this year as the United States ramped up sanctions on both countries’ oil industries.

Third Iranian tanker docks at Venezuelan port; Maduro promises fuel supply

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

- Advertisement -

Latest article

China expected to unveil hike in military budget as tensions rise

World8 minutes ago (Feb 26, 2021 04:35AM ET) ...

Clarifying Janet Yellen’s Comment On Digital Assets

Cryptocurrency12 minutes ago (Feb 26, 2021 04:30AM ET) ...

Is Satoshi Back? Bitcoin Wallet Moves After A Decade

Cryptocurrency12 minutes ago (Feb 26, 2021 04:30AM ET) ...

NHL roundup: Panthers rally late to beat Stars

(C) Reuters. NHL: Chicago Blackhawks at Dallas Stars ...

Britain sets out blueprint to keep fintech ‘crown’ after Brexit

Technology17 minutes ago (Feb 26, 2021 04:25AM ET) ...