Venezuela Could Soon Run Out of Gasoline Despite World’s Largest Oil Reserves


The oil-rich nation of Venezuela could soon run out of gasoline due to a chronic lack of production and a failure to pay shipping costs for imports, according to an industry leader.

Iván Freites, a representative of the Movement for Technical and Oil Workers, said in a press conference that the country could soon run out of gasoline because the government is refusing to pay the necessary shipping cost in order to refine their oil.

“There is only one more day’s worth of gas and two and a half days worth of diesel,” Freites said. “At the Cardon refinery, ships have been stationary since June because they do not pay the shipping costs.”

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