Venezuela, which sits on the largest proven oil reserves in the world, is celebrating the arrival of a small flotilla of Iranian tankers bearing gasoline in violation of U.S. backed sanctions.
An oil tanker called Fortune’ was able to arrive at a Venezuelan refinery with its cargo, estimated to be about 1.5 million barrels of gasoline. The country’™s refining network has been operating this year at about 10 percent of its 1.3 million barrels per day capacity, according to Reuters.
Economic sanctions imposed by the U.S. limit the types of fuel the country can receive and its sources. The New York Times says the country’™s refineries are so run down that none are able to produce gasoline.
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The Fortune was able to enter Venezuelan territory without any opposition.’œIran and Venezuela have always supported each other in times of difficulty,’ Venezuelan Foreign Minister Jorge Arreaza tweeted. Today, the first ship with gasoline arrives for our people.’
Trump Administration officials criticized the move but did not announce any potential military actions.