Rantburg

Today's Front Page   View All of Fri 03/29/2024 View Thu 03/28/2024 View Wed 03/27/2024 View Tue 03/26/2024 View Mon 03/25/2024 View Sun 03/24/2024 View Sat 03/23/2024
2020-05-26 Caribbean-Latin America
Iranian tanker docks in Venezuelan port, domestic refining rises
[AlAhram] The first of five Iranian tankers carrying fuel to Venezuela
...a country in Central America that sits on an enormous pool of oil. Formerly the most prospereous country in the region, it became infested with Commies sniffing almost unlimited wealth. It turned out the wealth wasn't unlimited, the economy collapsed under the clownish Hugo Chavez, the murder rate exceeded places like Honduras and El Salvador. A significant proportion of the populace refugeed to Colombia and points south...
has moored at a port serving the South American country's El Palito refinery, the nation's oil minister said Monday, and Refinitiv Eikon data showed a second vessel had entered its waters.

Iran
...a theocratic Shiite state divided among the Medes, the Persians, and the (Arab) Elamites. Formerly a fairly civilized nation ruled by a Shah, it became a victim of Islamic revolution in 1979. The nation is today noted for spontaneously taking over other countries' embassies, maintaining whorehouses run by clergymen, involvement in international drug trafficking, and financing sock puppet militias to extend the regime's influence. The word Iran is a cognate form of Aryan. The abbreviation IRGC is the same idea as Stürmabteilung (or SA). The term Supreme Guide is a the modern version form of either Duce or Führer or maybe both. They hate Jews Zionists Jews. Their economy is based on the production of oil and vitriol...
is providing Venezuela with 1.53 million barrels of gasoline and refining components in a move criticized by US authorities as both countries are under US sanctions, according to the governments, sources and calculations by TankerTrackers.com.

Refinitiv Eikon data showed that the tanker Fortune docked at one of El Palito's berths around 1 a.m. local time (0500 GMT).

A second vessel, the Forest, entered Venezuelan waters and was being escorted by the country's military on Monday morning, according to the Eikon data and Venezuela's navy. A third tanker, the Petunia, was approaching the Caribbean, according to the data.

Tareck El Aissami, Venezuela's economy vice president and recently named oil minister, posted photos on Twitter of the Fortune arriving.

Venezuela is suffering acute gasoline shortages due to the near-collapse of its 1.3 million barrel-per-day refining network after years of underinvestment and mismanagement, as well as US sanctions aimed at ousting socialist President Nicolás Maduro
...Commie el presidente para la vida of Venezuela, successor to Hugo Chavez. Nick is his country's attempt at producing a Muammar Qadaffy, except that even though his country's sitting on an enormous puddle of oil, he can't manage to get it out of the ground. Unlike Qadaffy and Hugo Chavez, he's not dead yet...
Venezuela's refining network in May increased its joint crude processing rate to about 215,000 barrels per day (bpd) from 110,000 bpd in March, following the arrival of spare parts supplied in flights by Iran's Mahan Air, according to three people familiar with the matter, who spoke on condition of anonymity.

The 146,000-bpd El Palito refinery is now in the process of restarting its fluid catalytic cracker, a key unit for finished fuel production, one of the people said.

The 187,000-bpd Puerto la Cruz refinery, which serves Venezuela's eastern region, remains out of service, the people said.

Venezuelan officials have portrayed the arrival of the gasoline as a victory over US sanctions.

Washington and Venezuela's opposition, which argue that Maduro is usurping power since rigging his 2018 re-election, say the gasoline will likely be available only to security forces and well-connected individuals.
Five Iranian tankers carrying 1.5 million barrels of fuel set off for Venezuela in March and April.

Though Venezuela sits on the world’s largest proven oil reserve, it is in desperate need of refined fuel, with long queues for petrol being reported even in the capital Caracas. Decades of government mismanagement and corruption coupled with the American sanctions that seek to oust Maduro from the presidency have caused economic havoc in the country, compelling millions to flee abroad.

The US has expressed defiance in its application of the sanctions despite their devastating impact.

"Our maximum pressure campaign, which includes financial & economic sanctions, will continue until Maduro’s tyrannical hold ends," the US National Security Council said in a tweet. "The humanitarian & economic crisis endured by Venezuelans is the fault of 1 person—Maduro."

Washington has piled similarly substantial economic pressure on Iran, using sanctions that have mostly taken aim at the country's once lucrative energy sales. Since the US withdrew from the 2015 Iran nuclear deal two years ago, Tehran's oil exports have shrunk from 2.8 million barrels per day (bpd) to to less than 300,000 bpd. In a bid to bolster its faltering economy, Iran has sought other destinations for its oil and petroleum based derivate, including Venezuela.

Fuel-related shipments between the two OPEC allies have previously stoked American ire, with Washington imposing sanctions on Venezuelan state oil company PDVSA after US officials said it sent about $50 million worth of fuel refining product to Iran between December 2010 and March 2011. The US continues to question the motives behind a strengthened relationship between its two far-flung adversaries.

"You have to ask yourself what interest Iran has in Venezuela," said Admiral Craig Faller, head of US Southern Command, speaking at an event hosted by the Florida International University this week. "It is to gain a positional advantage in our neighbourhood as a way to counter US interests."

[TWITTER]
Posted by trailing wife 2020-05-26 00:00|| || Front Page|| [1 views ]  Top
 File under: Govt of Iran 

15:26 Abu Uluque
15:25 Abu Uluque
15:18 Rex Mundi
15:15 Bobby
15:13 Grom the Reflective
15:12 Grom the Reflective
15:12 Procopius2k
15:08 DarthVader
15:04 Grom the Reflective
14:56 swksvolFF
14:54 M. Murcek
14:43 ed in texas
14:42 DooDahMan
14:41 swksvolFF
14:41 ed in texas
14:39 Grom the Reflective
14:38 ed in texas
14:37 Grom the Reflective
14:30 DooDahMan
14:28 NoMoreBS
14:28 DooDahMan
14:27 Grom the Reflective
14:20 USN, Ret.
14:15 Grom the Reflective









Paypal:
Google
Search WWW Search rantburg.com