20FEB2019 - NEWS - Fire hits crude oil pumping station in Venezuela’s Orinoco belt region which disrupted crude transportation

According to the state owned company Petroleos de Venezuela (PDVSA), a fire hit a crude oil pumping station in Venezuela’s Orinoco belt region on Tuesday. This caused disruption in the crude transportation as the cash-strapped firm struggles with the impact of U.S. sanctions. The fire at the Ero pumping station, which has the capacity to transport 300,000 barrels per day of crude, was controlled and no one was injured. The incident comes weeks after the United States slapped sanctions on PDVSA to try to oust socialist President Nicolas Maduro from power. Venezuela, a founding member of the Organization of the Petroleum Exporting Countries (OPEC), holds the world’s largest crude reserves, but production has collapsed amid mismanagement and an economic crisis.

Published by Editor - www.Livebunkers.com at 20-Feb-2019 06:50:40 [UTC] , contact editor at editor@livebunkers.com