Oil Tankers from Iran Arrive in Venezuela, Defying U.S. Sanctions on Both Countries

Date: 2020-05-26 15:35:43

×

Authorities in Venezuela celebrated Monday as the first of five Iranian gasoline tankers arrived in the country, bringing badly-needed fuel supplies.

Workers at the El Palito refinery welcomed the docking of Iranian tanker Fortune.

Four more tankers are expected over the coming days.

The Iranian tankers hold what analysts estimate to be enough gasoline to supply Venezuela for two to three weeks.

Venezuela sits atop the world’s largest oil reserves, but it has to import gasoline because production has crashed over the last two decades.

Critics blame corruption and mismanagement by the socialist government led by President Nicolas Maduro.

The fuel shipments are arriving in the face of stiff sanctions imposed by the United States on both Venezuela and Iran.

They mark a new era in the burgeoning relationship between the two countries, which are labelled by the US as repressive regimes.

Washington accuses Iran and other nations of propping up the Maduro regime.

Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm

QUICKTAKE ON SOCIAL:
Follow QuickTake on Twitter: twitter.com/quicktake
Like QuickTake on Facebook: facebook.com/quicktake
Follow QuickTake on Instagram: instagram.com/quicktake
Subscribe to our newsletter: https://bit.ly/2FJ0oQZ
Email us at quicktakenews@gmail.com

QuickTake by Bloomberg is a global news network delivering up-to-the-minute analysis on the biggest news, trends and ideas for a new generation of leaders.