Third Iranian fuel cargo approaches Venezuela’s economic zone

The Iranian-flagged oil tanker Fortune (pictured) arrived at the El Palito refinery in Puerto Cabello, in the northern state of Carabobo, Venezuela, on May 25. (AFP)
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Updated 26 May 2020
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Third Iranian fuel cargo approaches Venezuela’s economic zone

  • Venezuela's oil minister thanked Iran for support during their domestic crisis
  • Mismanagement of their domestic energy industry has contributed toward Venezuelan reliance on gasoline imports

MARACAY: The third cargo of an Iranian tanker flotilla carrying fuel for gasoline-thirsty Venezuela was approaching the nation’s exclusive economic zone on Tuesday as the previous two were preparing to discharge, according to Refinitiv Eikon data.
The Iran-flagged tanker Petunia entered the Caribbean Sea on Monday after crossing the Atlantic Ocean, following the route taken in recent days by vessels Fortune and Forest.
The Fortune was welcomed at state-run PDVSA’s El Palito refinery by Venezuela’s oil minister, Tareck El Aissami, who thanked Iran for its support during the crisis, which has forced Venezuelans to wait in long lines for gasoline.
The deal has been criticized by the United States as both OPEC-member nations are under sanctions. A US official said earlier this month that President Donald Trump’s administration was considering responses to the shipment, prompting the Iranian government to warn Washington against any military action.
The vessels did not appear to encounter any interference during their journey.
The second tanker in the flotilla, the Forest, changed its destination to a port serving PDVSA’s Cardon refinery, where it was expected to dock on Tuesday, according to two sources and the Eikon data showing its trajectory.
As it receives the imports, which include gasoline and components for motor fuel production, PDVSA is working to recover a portion of the domestic refining capacity it has lost in recent years due to mismanagement, lack of qualified personnel and delayed maintenance due to limitations under the US sanctions.
The Venezuelan firm, whose nameplate refining capacity reaches 1.3 million barrels per day, increased crude processing for fuel production to about 215,000 bpd this month, from 110,000 bpd in March, according to sources and internal company data.


Death toll in Karachi shopping plaza fire rises to 10 as search continues for dozens missing

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Death toll in Karachi shopping plaza fire rises to 10 as search continues for dozens missing

  • Mayor Murtaza Wahab said on Monday that four more bodies were recovered overnight, raising the death toll to at least 10
  • The fire broke out late Saturday. According to Sindh Chief Minister Murad Ali Shah, families reported about 60 people missing
KARACHI: The death toll from a massive fire at a shopping plaza in Pakistan’s largest city, Karachi, rose to at least 10 after rescuers recovered four more bodies from the badly damaged building during an overnight search for dozens of people reported missing, officials said Monday.
Firefighters extinguished the blaze at the multistory Gul Plaza late Sunday nearly 24 hours after it erupted, allowing rescue teams to enter the building to rescue those trapped there. Mayor Murtaza Wahab said four more bodies were recovered overnight, raising the death toll to at least 10.
Local media reported that at least 14 people died in the blaze.
The fire broke out late Saturday and spread quickly through shops storing cosmetics, garments and plastic goods, said Dr. Abid Jalal Sheikh, the city’s chief rescue officer.
On Sunday night, Sindh Chief Minister Murad Ali Shah said families had reported about 60 people missing, prompting authorities to launch the search operation. Relatives of the missing gathered outside the heavily damaged building Monday, many in tears, witnesses said.
The cause of the fire was not immediately known. Police said an investigation was underway.
Karachi, the capital of Sindh province, has a history of deadly fires, often blamed on poor safety standards and illegal construction. In November 2023, a fire at a shopping mall in the city killed 10 people and injured 22 others.
A massive fire at a garments factory in Karachi in 2012 killed 260 people.