Iran reliefs Venezuela of fuel shortage by sending ships loaded with gasoline but experts say that this not a permanent solution
Due to the restrictions imposed by the United States, Venezuela has been fuel-starved for the longest time which has led to a series of protests against the authorities for not being able to manage the situation any better. Now with no options left, Iran was approached to supply fuel to the South-American country.
Iran was to supply three ships of gasoline to Venezuela out of which two
ships have reached the fuel-starved country on Wednesday. On Tuesday, an
Iranian tanker forest carrying 275,000 barrels of gasoline reached the
Venezuelan port and a day later, fortune vessels were pulled into the waters.
These deliveries were confirmed by Russ Dallen, who is the head of Miami-based
investment firm Caracas Capital Markets and also looks after the shipment of
the gasoline.
He said that by the end of this week, the third tanker loaded with
gasoline will reach Venezuela.
Though a lot of the authorities have preferred not to say anything on
the matter is given the threats from the Trump administration. But one of the
solid critics of the Maduro government, Ivan Freitas said that even if
Venezuela is getting gasoline from Iran, it will do very little to solve a
larger problem.
As per an article in the Associated Press, even with the largest oil
reserves in the world, gas stations are not functioning and are shut. Drivers
have to wait for hours in long lines to get fuel. Many of the refineries are
struggling The Cardon refinery is the only one now
operating, producing roughly 20,000 barrels a day, he said.
Despite the terrible state of the country, the Maduro
government is focused on blaming everything on the sanctions imposed by The United States. The US sanctions have definitely worsened the matter but the
state of suctioning in Venezuela was destroyed way before these sanctions were
implemented.
The US now backed Juan Guaido to replace Maduro from
power. Iran has been helping Venezuela cope with this fuel depression and ignoring US sanctions to
continue its battle against the Trump administration. Earlier this year also.
Iran had sent five tankers with 1.5 barrels of fuel to the South-American nation
which helped sustain the nation temporarily.
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