Venezuela to close pumps as gas runs short, viral outbreak grows

Must Read

Global oil demand returning – says ConocoPhillips executive

(Reuters) - U.S. oil producer ConocoPhillips sees global demand returning to 100 million barrels per day and...

Seadrill targeted in operation carwash probe

Offshore drilling company, Seadrill Ltd., has been targeted in the ongoing criminal investigation by the Federal Police...

Over 1,000 surveys conducted with Guyanese companies to guide capacity building activities for oil and gas

The Center for Local Business Development (CLBD) is continuing its push to improve the capabilities of Guyanese...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

(Bloomberg) — 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.

- Advertisement -

Latest News

Global oil demand returning – says ConocoPhillips executive

(Reuters) - U.S. oil producer ConocoPhillips sees global demand returning to 100 million barrels per day and...

Seadrill targeted in operation carwash probe

Offshore drilling company, Seadrill Ltd., has been targeted in the ongoing criminal investigation by the Federal Police of Brazil – Operation Car...

Over 1,000 surveys conducted with Guyanese companies to guide capacity building activities for oil and gas

The Center for Local Business Development (CLBD) is continuing its push to improve the capabilities of Guyanese companies to tap into opportunities...

Guyana can become world supplier of natural gas – Bobby Gossai Jr.

Guyana can become a world supplier of Liquified Natural Gas (LNG) in the coming years, given the vast hydrocarbon resources found offshore...

Guyana remains confident in ICJ, committed to international law – President Ali tells UN General Assembly

In his inaugural address to the United Nations General Assembly on Wednesday, September 23, Guyana’s President, Dr. Irfaan Ali, affirmed the South...

More Articles Like This