The Borneo Post (Sabah)

Iranian oil tanker arrives at Venezuela’s largest refinery

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CARACAS: One of five Iranian tankers carrying much-needed gasoline and oil derivative­s arrived Tuesday at Venezuela’s main oil refinery, officials said.

The second tanker to dock in Venezuela amid an acute gasoline shortage, “Forest”, arrived at the Paraguana refinery complex in northwest Falcon state, Oil Minister Tareck El Aissami wrote on Twi er. He also shared photos of the vessel at the dock.

Data from the website Marine Traffic confirmed the location of the ship, which entered Venezuelan waters on Monday.

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.

The first ship, “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.

The tankers “bring fuel, additives and spare parts, among other equipment, to increase our capacity for refining and oil production,” El Aissami said Monday.

Venezuela has been in recession for six years, its economy in shambles and its citizens struggling with shortages of basic necessitie­s such as food and medicines.

US sanctions have targeted Venezuelan oil exports, starving Caracas of vital income. The US has also sanctioned El Aissami and accused him of drug traffickin­g.

Venezuela is almost entirely dependent on its oil revenues but its production has fallen to roughly a quarter of its 2008 level. —

 ?? — AFP photo ?? The Iranian-flagged oil tanker Fortune is docked at the El Palito refinery a er its arrival to Puerto Cabello in the northern state of Carabobo, Venezuela.
— AFP photo The Iranian-flagged oil tanker Fortune is docked at the El Palito refinery a er its arrival to Puerto Cabello in the northern state of Carabobo, Venezuela.

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