Skip to content
Subscriber Only
Technology
Economics

Venezuela Fuel Shortages Get Worse as Tanker Staff Flee

  • Eleven PDVSA tankers lack leading and technical staff
  • The oil company’s schedule is delayed by mass resignations
Petroleos de Venezuela SA (PDVSA) oil tankers sit moored in the water near Puerto La Cruz, Anzoategui state, Venezuela, on Feb. 7, 2018. 

Petroleos de Venezuela SA (PDVSA) oil tankers sit moored in the water near Puerto La Cruz, Anzoategui state, Venezuela, on Feb. 7, 2018. 

Photographer: Wil Riera/Bloomberg
Updated on

Venezuela’s fuel shortages are worsening as mass resignations at the state oil company’s tanker fleet have delayed gasoline shipments.

Petroleos de Venezuela SA’s refineries are running at less than a quarter of their capacity, forcing the country to rely on imported gasoline. Once the cargoes are unloaded at import docks, smaller ships distribute fuel to terminals along the coast, where its loaded on trucks to refuel inland stations. But as Venezuelan tankers lose engineers and helmsmen, delivery delays are becoming increasingly frequent, according to people with knowledge of the situation.