Venezuela needs to import gasoline due to strike

Jan 22, 2003 01:00 AM

Venezuela is importing a total of around 1.2 mm barrels of gasoline in an effort to fight a gasoline shortage due to a strike, according to a published report. Around 300,000 barrels of gasoline and another 160,000 barrels will arrive from the La Isla refinery in Curacao which draws from its storage facilities, the Deputy Hydrocarbons Minister was quoted as saying.
The Curacao refinery is still trying to restart units that were forced to shut down as storage facilities had been filled. Then a cargo of 250,000 barrels of gasoline each will arrive from Curacao, Luis Vierma was quoted as saying.

The strike has crippled exports and crude production at state-owned oil monopoly Petroleos de Venezuela. The strike is aimed at forcing the resignation of Chavez followed by early elections.
However, a proposal by former US president Jimmy Carter to look beyond the Feb. 2 consultative non-binding referendum could result in some kind of agreement between the opposition and the government.

Source: Dow Jones
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