World

 

Español

 

Guyana


Trinidad
& Tobago

 






Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Venezuela to a standstill, pumps close, conavirus grows

Carlos Becerra/Bloomberg

Police officers stand guard at a PDVSA gas station in Caracas on March 22.

- Gas Runs short, only health, food suppliers and officials can fill up tanks
- Measure already in place in several states earlier this week

By Fabiola Zerpa/Bloomberg

CARACAS
Petroleumworld 03 23 2020

Venezuela's government is shutting fuel stations nationwide to ration dwindling gasoline inventories as a quarantine designed to stop the coronavirus paralyzes the country, seven people said.

Just a few dozen of Petroleos de Venezuela SA 's 1,800 gas stations across the country will remain open and operated by the nation's armed forces to allow medical, food and utilities' transportation to fill up, said the people, who asked not to be named as the plan is still private.

The latest move builds on an earlier decision to militarize pumps in at least three states.

The closure comes as the country reached 70 confirmed cases of Covid-19 in two weeks, a low but rising figure that's eliciting fears from doctors that President Nicolas Maduro's government is unprepared to tackle a pandemic.

Gasoline deliveries came to a halt last month, worsening already existing fuel shortages that have kept Venezuelans queuing for hours -- and sometimes days -- to fill up their tanks.

Fallen Giant

It's not clear if the capital would be included, three of the people said. Control from private PDVSA contractors who operate pump stations would be handed over to the armed forces, five of the people said.

PDVSA and defense ministry officials didn't immediately respond to a request for comment.

Venezuela, once a oil production giant, has seen its output dwindle to 760,000 barrels a day and its refining capacity decrease to 15%, due to years of mismanagement, corruption, lack of investment and, lately, U.S. sanctions, imposed by Donald Trump's administration to force regime change in the country.

Earlier this week, fuel stations in four states in the northern part of the country were closed. On Friday, stations were also shut in Portuguesa and Monagas states, according to two people.

A small number of pumps located along major highways and roads across the country remain open and people without special permits are being prevented from filling their tanks.


Story by Fabiola Zerpa from Bloomberg

bloomberg.com
03 22 2020

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep /
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2020, Elio Ohep A. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2020, Petroleumworld   / Elio Ohep - All rights reserved

 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.