Two Iranian-Flagged Tankers Reportedly Arrive in Venezuela as Maduro Vows to Improve Gasoline Output

World

In May, five Iranian tankers delivered more than a million barrels of oil to Venezuela, hit by a serious fuel shortage caused by US sanctions.

The second of three Iranian-flagged tankers has arrived in fuel-starved Venezuela, Russ Dallen, head of the Miami-based investment firm Caracas Capital Markets, who tracks venezuela shipments, was cited by the AP news agency as saying.

The tanker Forest with 275,000 barrels of gasoline on board and the Fortune entered Venezuelan waters on Tuesday and Wednesday, respectively, with the third ship, Faxon, expected to reach the South American country before the end of this week.

There was no word on how much gasoline the Fortune and the Faxon were carrying, but Dallen said that the flotilla would deliver a total of 815,000 barrels of fuel to venezuela.

The developments come as Venezuelan President Nicolas Maduro on Wednesday pledged to improve the situation with gasoline output and distribution in his country, in line with a new plan that he said would be made public in the coming days.

The remarks followed Iranian Foreign Ministry spokesman Abbas Mousavi indicating in June Tehran’s willingness to go ahead with its oil shipments to Venezuela if “Caracas demands more [such] supplies from Iran”, which Mousavi added is practicing “its free trade rights with Venezuela”.

Mousavi spoke after five Iranian tankers, the Clavel, the Faxon, the Fortune, the Forest, and the Petunia,…

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