Venezuela's state-run oil company PDVSA began supplying the nation's stations on Saturday with fuel provided by ally Iran as drivers wait anxiously for the gasoline to be sold, according to four sources involved in the distribution.
CARACAS/MARACAY,Venezuela - Venezuela’s state-run oil company PDVSA began supplying the nation’s stations on Saturday with fuel provided by ally Iran as drivers wait anxiously for the gasoline to be sold, according to four sources involved in the distribution.
As authorities in the country - which had enjoyed the world’s cheapest gasoline for two decades - prepare to expand retail sales, the fifth cargo of Iran’s five-vessel flotilla heads to the Caribbean Sea and is expected to reach Venezuelan waters on Sunday, according to Refinitiv Eikon data. A new fuel distribution plan not yet detailed officially is expected to include 1,540 stations nationwide. Wholesale supply began on Saturday in several regions, following tests earlier this week aimed at implementing automated retail sales and control systems starting in early June, the sources said.“I was told they are filling stations with gasoline today,” said Alex Chirinos, a 36-year old taxi driver lining up at a station in Maracay.
As U.S. sanctions imposed on PDVSA since 2019 have also limited the sources and types of products Venezuela can import, Maduro’s administration this year resorted to Iran for refining components and fuel.Washington has warned governments, seaports, shipping firms and insurers that they could face sanctions if they aid the Iranian supply, U.S. special envoy for Venezuela, Elliott Abrams, said on Friday.
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