Five tankers carrying much-needed Iranian fuel and oil products reached in Venezuelan waters on Saturday, a Venezuelan official stated.
According to media reports, the fleet is carrying about 1.5 million barrels of gasoline. And the fleet reached in Venezuela in between tensions time of Tehran and Washington, which has imposed sanctions on Venezuelan oil exports and Iran.
Venezuela had said its navy and air force would escort the tankers after Tehran warned of “consequences” if the US stopped the ships from reaching their destination.
The fuel from Iran comes at a time when the shortage of gasoline, chronic for years in some parts of the country, has worsened in the midst of the COVID-19 pandemic.
Venezuela has the largest oil reserves in the world, but its production is in freefall, a collapse that experts attribute to failed policies, lack of investment and corruption.
