RFE
27 May 2020, 12:45 GMT+10
A second Iranian tanker carrying gasoline and oil derivatives has arrived at crisis-stricken Venezuela's main oil refinery, amid escalating tensions between Washington and the two U.S.-sanctioned countries.
The Forest docked at the Paraguana refinery complex in northwest Falcon state on May 26, Oil Minister Tareck El Aissami wrote on Twitter, also sharing photos of the vessel at the dock.
Data from the website Marine Traffic confirmed the location of the ship, which entered Venezuelan waters on May 25.
Unilateral U.S. sanctions have targeted Iran and Venezuela's oil industry and other sectors, depriving Tehran of much-needed cash and adding pressure on Venezuela's badly managed economy.
The Paraguana refinery, the largest in Venezuela and one of the largest in the world, can process 950,000 barrels of fuel per day, but its production has plummeted alongside the country's crude supply.
Falling oil prices since 2014 have aggravated Venezuela's economic crisis.
The price of Venezuelan crude fell to its lowest level in more than two decades last month, at less than $10 a barrel, according to the country's government, after averaging $56.70 last year.
The first tanker, Fortune, had anchored 24 hours earlier at El Palito refinery on Venezuela's northwest coast, which is able to process 140,000 barrels a day.
Copyright (c) 2018. RFE/RL, Inc. Republished with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave NW, Ste 400, Washington DC 20036
Get a daily dose of Mexico City Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico City Sun.
More InformationWindhoek [Namibia], July 9 (ANI): The Indian diaspora in Namibia expressed immense excitement and anticipation as Prime Minister Narendra...
Windhoek [Namibia], July 9 (ANI): Prime Minister Narendra Modi arrived in Windhoek, the capital of Namibia, on Wednesday morning (local...
New Delhi [India], July 9 (ANI): Congress General Secretary Incharge of Communication, Jairam Ramesh on Wednesday launched a fresh...
Lucknow (Uttar Pradesh) [India], July 9 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday congratulated Prime Minister...
Windhoek [Namibia], July 9 (ANI): Ahead of Prime Minister Narendra Modi's visit, India's High Commissioner to Namibia, Rahul Shrivastava,...
Windhoek [Namibia], July 9 (ANI): Ahead of Prime Minister Narendra Modi's visit, India's High Commissioner to Namibia, Rahul Shrivastava,...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
New Delhi [India], July 9 (ANI): Chief of Defence Staff General Anil Chauhan has stated that it was difficult to define the extent...
The delay adds yet another twist to Trump's original 90 deals in 90 days promise -- so far yielding only two vague trade agreements...
Washington DC [US], July 9 (ANI): The US State Department on Tuesday (local time) criticised India's stance on the US playing no role...
Dhaka [Bangladesh], July 9 (ANI): The United States Trade Representative (USTR) has invited Bangladesh to the second round of negotiations...
The European Commission president has accused Beijing of helping Moscows war economy European Commission President Ursula von der...