BEIRUT, LEBANON (2:45 P.M.) – Documents for the Venezuelan national oil company, PDVSA, and shipping data showed that tankers carrying about two months of Venezuelan oil were are at sea.

Washington is tightening sanctions to stop Venezuela’s oil exports and depriving the government of President Nicholas Maduro of its main source of revenue.

There are at least 16 tankers carrying 18.1 million barrels of Venezuelan oil stuck at sea in different regions of the world because of buyers’ reluctance to receive penalties, according to Refinitiv Icon.

This amount is equivalent to nearly two months worth of production at the current production rate in Venezuela, according to Reuters.

Some of these tankers have been stuck at sea for more than six months and have sailed to several ports, but they have not succeeded in unloading their cargo.

Each carrier bears enormous delay fines for each day’s delay in emptying the shipment.

According to a Reuters source in the shipping sector, the cost of using a ship to transport Venezuelan oil is at least $30,000 a day.

Share this article:
  •  
  •  
  •  
  •  
  • 2
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
    2
    Shares
ALSO READ  Venezuelan President says Trump ordered his assassination

Notice: All comments represent the view of the commenter and not necessarily the views of AMN.

All comments that are not spam or wholly inappropriate are approved, we do not sort out opinions or points of view that are different from ours.

This is a Civilized Place for Public Discussion

Please treat this discussion with the same respect you would a public park. We, too, are a shared community resource — a place to share skills, knowledge and interests through ongoing conversation.

These are not hard and fast rules, merely guidelines to aid the human judgment of our community and keep this a clean and well-lighted place for civilized public discourse.

Improve the Discussion

Help us make this a great place for discussion by always working to improve the discussion in some way, however small. If you are not sure your post adds to the conversation, think over what you want to say and try again later.

The topics discussed here matter to us, and we want you to act as if they matter to you, too. Be respectful of the topics and the people discussing them, even if you disagree with some of what is being said.

Be Agreeable, Even When You Disagree

You may wish to respond to something by disagreeing with it. That’s fine. But remember to criticize ideas, not people. Please avoid:

  • Name-calling
  • Ad hominem attacks
  • Responding to a post’s tone instead of its actual content
  • Knee-jerk contradiction

Instead, provide reasoned counter-arguments that improve the conversation.