A flotilla of five tankers carrying Iranian fuel for gasoline-starved Venezuela is approaching the Caribbean, with the first vessel expected to reach the South American country's waters on Sunday, according to Refinitiv Eikon tracking data.
FILE PHOTO: A worker stands at a closed gas station of the state oil company PDVSA in San Cristobal, Venezuela, May 17, 2019. REUTERS/Carlos Eduardo Ramirez/File Photo
Iran is supplying about 1.53 million barrels of gasoline and alkylate to Venezuela, according to both governments, sources and calculations made by TankerTrackers.com based on the vessels’ draft levels. Venezuela’s defense minister said the military will escort the tankers once they reach the nation’s exclusive economic zone.
The OPEC-member country desperately needs fuel to feed up to 1,800 gasoline stations that have been partially closed for weeks due to insufficient supply from state-run PDVSA’s refineries, which until March worked at about 10% of their joint capacity of 1.3 million barrels per day .
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