Iran seizes foreign oil tanker with 12 crew, state media says

(THIS ARTICLE IS COURTESY OF CNN)

 

Iran seizes foreign oil tanker with 12 crew, state media says

Abu Dhabi, UAE (CNN)Iran has seized an oil tanker it claimed was carrying 1 million liters of “smuggled fuel,” state news agency Press TV said on Thursday.

The semi-official Fars news agency said Islamic Revolutionary Guard Corps (IRGC) forces ambushed the tanker, carrying 12 people on board, on Sunday.
The IRGC have denied seizing any other tankers, Fars said.
It is unclear whether the tanker seized Sunday was the same vessel as one that Iran claimed to have assisted earlier this week.
This story has been updated with new reporting from Iranian state media about the amount of oil on board the vessel.

Iran To India: ‘Expect a friend to order oil’

(THIS ARTICLE IS COURTESY OF INDIA’S HINDUSTAN TIMES NEWS)

 

‘Expect a friend to order oil’: Iranian envoy messages India on US sanctions

Though the Iranian port of Chabahar, which India is developing as a gateway to Afghanistan, isn’t under sanctions, Chegeni said US actions had created uncertainty in the minds of investors and bankers.

INDIA Updated: Jul 03, 2019 08:49 IST

Rezaul H Laskar
Rezaul H Laskar
Hindustan Times, New Delhi
indo iran,us iran trade talsk,india weapon gatherer
New Delhi stopped Iranian oil purchases after Washington ended on May 2 a six-month waiver that had allowed the top buyers, including India, to continue imports. (REUTERS)

India will decide on oil purchases in line with its national interests but Tehran is hopeful New Delhi will resume Iranian oil imports that have been hit by American sanctions, Iranian ambassador Ali Chegeni said on Tuesday.

New Delhi stopped Iranian oil purchases after Washington ended on May 2 a six-month waiver that had allowed the top buyers, including India, to continue imports.

The US imposed sanctions on Iran after pulling out of the 2015 nuclear deal last year.

“We understand India will act according to its national interests. We know India is under pressure (but) India’s relationship with any other country is not against us,” Chegeni told reporters after the opening of an exhibition of Iranian arts.

“We are not deciding on behalf of the Indian government and we respect all their decisions, but we expect a friend…(to place orders for oil) in future…Iran is ready to be the biggest protector of India’s energy security,” he added.

Referring to external affairs minister S Jashankar’s recent remarks about India’s need for affordable, stable and predictable energy supplies, Chegeni said Iran fulfilled all these conditions.

“We didn’t get any negative signal from the Indian government that they won’t buy in future…We are hopeful that our relationship will continue,” he said.

Though the Iranian port of Chabahar, which India is developing as a gateway to Afghanistan, isn’t under sanctions, Chegeni said US actions had created uncertainty in the minds of investors and bankers.

“They are saying Chabahar is not under sanctions, but the banks don’t dare to come, the private companies say the future is not clear for them. Somehow this is a sanction,” Iranian ambassador Ali Chegeni said, adding that operations at the port had picked up in recent months.

Chabahar is key to the plans of Central Asian states to trade with India, he said. “Nobody can ignore the importance of Chabahar,” Iranian ambassador Ali Chegeni added.

First Published: Jul 02, 2019 23:31 IST

(Persian) Gulf Acquisitions, Mergers Grow by 39 Percent

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

 

Gulf Acquisitions, Mergers Grow by 39 Percent

Sunday, 28 April, 2019 – 08:45
General view of Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. (Reuters)
London – Mutlaq Muneer
The number of merger and acquisition deals (M&As) in the Gulf Cooperation Council (GCC) grew 39 percent year-on-year during the first quarter of 2019, according to a report released by Kuwait Financial Center (MARKAZ) on Saturday.

The Saudi market topped the Arabian Gulf markets in terms of M&As in Q1-19, in which the sector witnessed Aramco’s 70 percent acquisition of SABIC in a deal worth USD69.1 billion.

In January, the Kuwait Finance House (KFH) said it gave initial approval for the average of stock exchange with AUB Bahrain at a rate of 2.33 shares of AUB’s in return for one share in KFH, added the report.

Abu Dhabi Commercial Bank (ADCB), listed on Abu Dhabi Securities Exchange (ADX), announced last month that its general assembly approved its merger with Union National Bank (UNB).

Italy’s Eni and Austria’s OMV will collectively acquire a 35 percent stake in ADNOC Refining for an estimated USD5.8 billion, whereby ADNOC will retain the remaining 65 percent stake in the company. KKR and BlackRock have acquired a 40 percent stake in ADNOC Oil Pipelines, an entity that will lease ADNOC’s interest in 18 pipelines for 23 years.

GCC acquirers accounted for 60 percent of the total number of transactions during Q1 2019 and 75 percent during Q4 2018. Foreign acquirers accounted for 34 percent of the total number of transactions during Q1 2019 and 17 percent during Q4 2018. Buyer information was not available for 6 percent of the transactions in Q1 2019.

Each of the GCC acquirers seemed to have a different appetite with regards to M&A transactions during Q1 2019.

Kuwaiti acquirers preferred investing in their home country. Saudi acquirers mostly invested in their home country and equally between other GCC countries and outside the GCC. UAE acquirers mostly invested outside the GCC and within their home country. Bahraini acquirers only invested outside the GCC. Qatari and Omani acquirers each engaged in one acquisition in their respective countries.

Q1 2019 witnessed a 70 percent increase in the number of completed transactions by foreign buyers compared to Q1 2018. In comparison to Q4 2018, the number of such transactions grew by 89 percent.

UAE targets represented 71 percent of the closed transactions by foreign acquirers during Q1 2019, while Saudi Arabia and Kuwait represented 23 percent and 6 percent respectively of the transactions during the same period. Bahraini, Omani and Qatari targets did not attract any foreign buyers during Q1 2019.

As per MARKAZ’s report, the industrial, financial and consumer sectors in the GCC accounted for 62 percent of M&As in the region during the first three months of 2019.

The media, insurance, telecommunication services and aviation sectors each accounted for 2 percent of the total closed transactions during Q1 2019, collectively amounting to 8 percent of the transactions during the period.

There was a total of 14 announced transactions in the pipeline during Q1 2019, representing a 27 percent increase in the number of announced transactions compared to Q4 2018.

UAE and Saudi Arabia collectively accounted for 79 percent of the announced transactions during Q1 2019. Oman and Qatar made up 21 percent of the announced transactions.

China, Saudi Arabia And The Trump Problem: Yes, The U.S. Is A Saudi Bitch, Sort Of

China, Saudi Arabia And The Trump Problem: Yes, The U.S. Is A Saudi Bitch, Sort Of

 

If you think that I like the truth behind that title then you have been drinking too much Corn Liquor. This is a true statement whether we like it or not, and personally I do not. Now I will explain myself to you before you shoot your computer. I am going to spit out some realities to you, then you decide for yourself if we (the U.S.) are indeed a ‘Saudi Bitch’, or not. Personally when I think of the word bitch I tend to think of a female dog or of a very hateful woman, but there are other meanings. I googled the term ‘being someone’s bitch’ to see what it had to say and here is what I found, I think it fits the definition of todays letter to you quite well. “Someone who gets treated with little respect and has to follow every order (of their master). Humiliating position of servitude.”

 

You may think, well how does this fit the current situation with President Trump, the U.S., Saudi Arabia and their leaders, now I will explain why it does. You may also be wondering about how does China fit into this equation, I will explain this outlier to you in just a moment. First, no country on Earth is self-sufficient as far as their own safety is concerned unless their energy supply is self-contained and all of us know that we are not, nowhere near it. Our Nation could have and should have been self supplying decades ago but because of our politicians and corporate greed we are at the mercy of those we get our energy supplies from, the biggest of these importers to us is Saudi Arabia. The U.S. Government has for many decades aligned ourselves with Saudi Arabia and with other Sunni led Nations like Egypt while Russia has been aligning themselves with Shia Nations like Syria, Iraqi and Iran. As most everyone knows, these two sects of Islam hate each other and they have been fighting a Civil War between them in the Middle-East now for about 1,400 years. Back in the early 1970’s Saudi Arabia agreed to put their oil market on the currency of the American Dollar. Being the Saudi’s had the most known oil in the world the other oil producers of OPEC followed suit. We, the American Government, agreed to supply and train the Saudi military and to protect the Saudi Royal Family in return.

 

Back in the early 1970’s the economies of Nations like China were a small fraction of what they are today so at that time they were not really in the market for massive oil imports, but now they are.  Right now China gets a huge amount of their oil imports from Russia but that could easily change if the Saudis decided to drastically curb or even stop all of their imports to the U.S.. China could easily take up the vacuum if the Saudis cut us off. Think about it, all of the Middle-East being dominated by Russia and China with the U.S. totally shut out of the region. Also is the reality that if the U.S. Government angers the Saudi Royal family enough the Royal family could decide to quit accepting the U.S. Dollar and change the oil market to the Chinese Yuan which as of today is trading at one Dollar equals seven Yuan. What would our economy do if that flipped and it took seven Dollars to equal one Yuan? What would happen if OPEC shut off all oil imports to the U.S.? Back in 2008 our economy suffered about a 2% decline and it threw us into the deepest depression since the 1930’s, if the Saudis decided to change allegiance toward us it would make the 1930’s look like party time. Our economy would totally tank and not just from the loss of jobs in the ‘military industries’. Just the sheer size of China calling in their loans to us would bankrupt our country, today we owe China more than 10 trillion dollars of which we have no way to repay.

 

Folks, our culture here in the U.S. is not the culture of most other Nations and it definitely is not the same as the cultures of the Middle-East or of Asia. I know that the U.S. was founded on Christian morals and ethics even though our Founding Fathers did have a very warped concept of what that was. We here in the U.S. have a Constitution that all of our people and our Leaders are supposed to run our Country by, thanks to our Founding Fathers. Our Constitution may be based on Christian ideals but our Nation, by the Constitution, is not to be a ‘Church’ run Government. What I am trying to get at is that we cannot demand that other Nations obey our laws, our Constitution, or our morals. Donald Trump is a businessman, he has no clue about Christianity, ethics or our Constitution but he does recognise the power and authority of a Dictator and what a Dictator can do to business. President Trump does recognise what the Saudi Royal Crown Prince ‘MBS’ can put to bear on the U.S. businesses including his own. Simply put, the reason President Trump is now and in the future is going to kiss the ass of the Saudi Royal Family is business and business to him and to most people for that matter is more important than our morals. So, what are we as a people, as a nation, going to do? If we insist on our ethics and on our version of morals be followed by all Nations whom we do business with, then our Nation’s economy top to bottom, is going to hit rock bottom, or we can be the bitch of people like the Saudi Crown Prince. We as a Nation can not have it both ways, President Trump has chosen, it was easy for him as he doesn’t have any morals to fall back on. Our Nation’s Leaders have kissed the ass of big business for so long I have no doubt what our spineless Politicians will do now concerning the Saudi Crown Prince. So, have our Politicians over the past 45 plus years turned us into a Saudi Bitch, you decide!

 

 

If The Saudi’s Killed A Journalist: So Now What? Answer, Nothing

If The Saudi’s Killed A Journalist: So Now What? Answer, Nothing 

 

In this article today I am not trying to be cold-blooded or hate filled, I’m trying to be honest. Here in the States you have your typical politicians like Lindsey Graham wagging their tongues about “there will be hell to pay if the Saudi government killed this man.” I almost never side with Donald Trump but I do sort of agree with him on this issue. Reality is that many governments kill people every year. How many Journalist’s die in the line of duty every year? The Organization Reporters Without Borders says that 65 Reporters were killed in the line of duty in 2017 plus many more were imprisoned. He was not a Reporter but do you remember the American college kid who tore down a poster in North Korea and spent a year or so in one of their prisons only to be sent back home in a coma where he died a couple of weeks later? Folks, nothing real happened to North Korea because of this because mans murder. Mr. Trump was trying to strike a deal with N.K. President (Dictator) Kim Jung Un to get rid of their Nuclear Weapons. Which was/is more important, one life, or not having a thin-skinned ego maniac with is finger on a Nuke button? By the way, I am speaking of Mr. Kim, not the one that is in Our White House.

 

Now, let us get back to the murder of the Saudi/American Journalist who was murdered inside the Saudi Embassy in Turkey. Here are some realities for us all to think about. Mr. Trump is under pressure to cancel a multi-billion dollar weapons deal with the Saudi government because of them killing this man. Would this action by our President be a wise decision? Would it teach “them” a lesson? My answer is no, it would not. In fact if anything it could/would shift the balance of power on this planet. Here is why I am saying this. First it would shift the Saudi government toward the Chinese. If we do not sell these weapons to the Saudi’s the Chinese would be falling all over themselves to sell weapons to the Saudi government. Honestly I believe that it would be the Chinese and not the Russians who would fill the gap because the Russian government has aligned themselves with the Shiite Nations, mainly Iran and as you know, the Sunni Saudi’s are the enemy of Shiite Islam. China and Russia are allies of each other so it would be more crushing to the U.S. if China filled our void. Plus there is the reality that canceling this contract would put many American workers out of a job which would be felt in the voting booth next month.

 

Think about these things please, what if the Russians and the Chinese governments held complete sway over all of the Middle-East, over all of OPEC? What if China grew close to the Saudi Royal Family by such things as massive weapons sells? China is already building the largest refinery in the world in the Saudi Kingdom. If the U.S Government steps away from the Saudi Royal Family how long will it be before the Saudi’s decide to take their oil off of the dollar standard and put it on the Chinese Yen? If the Saudi’s did this I am sure that the rest of OPEC and the Arab world would very quickly follow suite. Think about it, the dollar not being the “world standard” currency. What if OPEC decided to only take the Yen as trading currency, and decided to either not sell any oil to the U.S. at all, or if they did, only at twice or three times the market rate? What would this do to the U.S. economy, to your job, to your living standard? In 2008 during that “depression” the U.S. economy backed off about 2%, what would things here in the States look like if our economy fell off by 10, 15 or 20%? I am just trying to be honest, I don’t like many realities in our world yet if we decide to change some of the current realities, we must be very careful about the new realities that bloom.

 

 

China Has A Hitch In Their Giddy-Up: They Need Lots More Natural Gas From The U.S.

(THIS ARTICLE IS COURTESY OF ANDY TAI ON GOOGLE PLUS AND FROM FORBES)

 

Energy #Market Moves 

China Will Need More U.S. Natural Gas

I cover oil, gas, power, LNG markets, linking to human development Opinions expressed by Forbes Contributors are their own.
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BEIJING, CHINA – NOVEMBER 09: (CHINA MAINLAND OUT)China President Xi Jinping and wife Peng Liyuan welcome US President Donald Trump and wife Melania come to China for state visit on 09th November, 2017 in Beijing, China.(Photo by TPG/Getty Images)

China will stay the largest incremental natural gas user for as far as we model. To help clear hazy skies and cut CO2 emissions, China must expand the role of cleaner gas in its energy demand portfolio, now at just 6-7% of total supply, versus nearly 30% for the richest economies. Last year alone, China’s gas demand boomed by over 15%, with imports rising by 30%. China just passed Japan to become the largest natural gas importer in the world, although Japan still imports more than twice as much liquefied natural gas (LNG). Key arteries bringing in foreign supplies, such as the China-Myanmar pipeline, however, often sees utilization rates of just 50-60%, due to numerous economical, political, technological, and weather problems.

Data source: EIA

China’s imports of natural gas have been surging.

To be sure, many of China’s LNG sources have issues that open the door for U.S. LNG. For example, Australia has had major domestic gas shortages, Qatar has had an LNG production moratorium and surging domestic demand, and Indonesia needs to keep more of its gas to support a very energy-deprived poor nation. Indeed, it’s quite telling that China’s retaliatory measures against possible U.S tariffs on its goods will NOT include LNG: leadership knows full well the unique value that U.S. LNG brings to the table. Our sales have very flexible contracts (having no rigid destination clauses that restrict resales), short-term contracts, and prices not linked to oil but based on the transparent fundamentals of gas supply and demand. Started in 2016, U.S. LNG has had 60% of its LNG sold on the spot market. Most other suppliers will still need to use less convenient long-term deals to satisfy lenders and fund high cost projects. And we know that we will continue to have plenty of gas to export. In the decades ahead, for every 100 units that U.S. gas demand increases, U.S. gas production will increase 175 units, a 75% surplus for us to export. By 2020, we could control 20-25% of global LNG supply, up from just 8% now. “U.S. Liquefied Natural Gas To China Is A Game-Changer,” with China ranked third in 2017 taking in 15% of U.S. LNG exports.

Data source: IEA

China gets the great majority of its LNG from Australia and Qatar.

Let’s be clear: there’s room for all gas (and oil) exporters in China, the need for imports is surging that fast . After all, supplying China with energy is like trying to fill an olympic size swimming pool with a hose. Don’t worry about somebody else putting another hose on the other side of the pool. Yes, Russia will be a key supplier, but pipeline supplies from Gazprom simply won’t be enough to dim the bright future for U.S. LNG in China. China’s own domestic gas production will continue to increase, but the import necessity can only continue to grow, especially the imported LNG that makes perfect sense in fueling the high demand centers along China’s eastern coast. China’s shale gas production potential is solid but will be limited by a variety of factors, namely a lack of pipelines, difficult geology, remote resources, water shortages, state-controlled prices, and technological barriers (coming from the hesitancy of U.S. shale experts to work with China’s overbearing state-owned enterprises, as well as China’s poor history of protecting intellectual property rights). Today, shale accounts for just 6-8% of China’s total gas production, compared to 85% in the U.SLooking out to just 2030, about 65% of China’s gas demand could need to be met by imports .

Data source: EIA

China’s need for natural gas imports is expected to continue to grow.

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Russia, Saudi Arabia Increased Output to Clamp Down Shale Oil Profitability

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

 

Russia, Saudi Arabia Increased Output to Clamp Down Shale Oil Profitability

Friday, 1 June, 2018 – 08:00
A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen during a meeting of OPEC and non-OPEC producing countries in Vienna, Austria September 22, 2017. REUTERS/Leonhard Foeger/File Photo
Kuwait – Wael Mehdi
At the time when Russia and other OPEC producers are in quest to study the increase of product during the second half of this year, this may lead to an imminent drop in oil prices and may clamp down the profitability of shale oil production regions in the US.

Bloomberg New Energy Finance analyzed in a report, published on May 30, the cost of shale oil output and the par value required for the barrel in one of the biggest basins in the US.

The report found out that the cost and par value vary from one region to another, but Permian Basin in Texas remains the lowest-cost basin on the level of the US, followed by Eagle Ford Basin in Texas.

According to the report, more than half of the counties where shale oil is produced are profitable with the current oil prices of $75 – but this doesn’t mean that they are not facing financial pressures with an expected drop in oil prices in the coming period.

This report shows the financial condition of the shale oil, in which companies that produce it have accomplished savings in costs and a high operating efficiency, since the drop in oil prices in 2014.

Al Rajhi Capital Head of Research Mazen al-Sudairi said that it is remarkable that the barrel par value in regions such as Permian is rising – and this is because of the limited infrastructure and the rise of operational expenditures.

Sudairi added that Permian that remained the most competitive region in regards of cost doesn’t contain sufficient pipes in the current time. For this, dependence on trucks to transport oil or materials used in Hydraulic breakdown of producing wells has risen the cost hugely.

Truckers lose rights and face greater risks, show scholars

(THIS ARTICLE IS COURTESY OF THE BRAZIL 247 NEWS AGENCY)

(COMMENTARY: I WAS A CROSS COUNTRY TRUCK DRIVER HERE IN THE U.S. FROM 1981-2013. THIS INFORMATION THAT THIS ARTICLE IS POINTING OUT THAT IS GOING ON IN BRAZIL IS EXACTLY WHAT IS AND HAS BEEN GOING ON HERE IN THE STATES FOR AT LEAST 20 YEARS NOW. EVERYTHING IS ABOUT THE FINANCIAL INTEREST OF THE COMPANIES AND THE IGNORANT POLITICIANS AT EVERY LEVEL OF GOVERNMENTS FROM CITIES, COUNTIES, STATES AND FEDERAL ALWAYS COMES DOWN HARD ON ‘THE TRUCKERS’ WHOM ARE BEING CRUSHED BY BOTH THE COMPANIES AND BY THE POLICE WHO ARE FOLLOWING THE ORDERS OF THEIR BOSSES, THE POLITICIANS. THE ACTUAL WORKERS, (THE TRUCKERS) ARE LOOKED AT AS NOTHING BUT IGNORANT LOWLIFE DRUGGIES WHO ARE CONSTANTLY LOOKED AT AS 5TH RATE TRASH. WITHOUT GOOD ROADS, GOOD RAILS AND GOOD AVIATION SYSTEMS TO TRANSPORT THE ECONOMIC GOODS OF A NATION, THERE WILL SOON BE NO NATION. HERE IN THE U.S. POLICE AND POLITICIANS WHO DON’T KNOW THE FIRST REAL REALITY OF DOING THIS JOB AND WHO HAVE NEVER EVER DONE THIS JOB KEEP INSISTING ON TELLING THE TRUCKING INDUSTRY HOW THEY WILL BE ALLOWED TO FUNCTION, TOTAL STUPIDITY THROUGH TOTAL EGO’S.)(oldpoet56)

Reuters

In a country hit by a shutdown that has opened a hole in GDP and dug a deep crater in support of the Temer government, little is known about the large mass of Brazilians who are at the center of this mobilization – the truck driver.

Typically referred to as autonomous, almost a “petty bourgeois” to speak sociologically accurate, the typical trucker is one of the great losers of labor deregulation and the impoverishment of middle-income activities, a long-course process, long before labor reform passed in the last year, which gave the final blow of 70 years of CLT.

“There is a series of evidences of the complete lack of autonomy of these autonomous,” write Vitor Araújo Filgueiras, a professor at the Federal University of Bahia, and José Dari Krein of the Institute of Economics of the University of Campinas, in the article “The root of the truckers strike and the regulation of labor “, available in the electronic mail of the Humanitas Unisinos Institute.

“What exists is a disguised employment relationship,” Professor Dari Krein points out in an interview with 247.

This is not a baseless estimate, but a strong color frame of social regression. Filgueiras and Krein reveal in their text that in 2012 audits of the Ministry of Labor in only 9 companies in the field found a total of 92,654 truck drivers who worked as employees without a formal contract, being hired as self-employed individuals or linked to 20,458 outsourced legal entities . These same audits have identified 472,606 workdays exceeding the 10-hour limit and have not found it difficult to conclude that most of the accidents involving cargo trucks are linked to the fatigue caused by journeys beyond the account.

The table of changes for the worse was not limited to this, however. By expelling employees from their internal framework, carriers have not only got rid of labor rights, social protection and employee retirement. They were also able to shed much of the fuel, tire, and maintenance expenses, transferred to former employees, now as “autonomous” – with whom they were able to negotiate on more than favorable terms for their accounting. In many cases, they were themselves in charge of finding financing for the trucks of the former employees, who thus, in an esdrúxula way, became responsible for the payment and conservation of their instruments of work. From the available data, among the 1.6 million freight vehicles in circulation in the country,

“The main trait of this work, beyond appearances, is the trucker’s subordination to the company, setting a typical clear working relationship,” says Dari Krein. Thus, drivers negotiate deadlines and schedules, under conditions imposed by the contracting company, which sets deadlines, targets, fines and controls each satellite / GPS trip. No longer salaried, they make freight their source of remuneration, which explains their particular commitment in recent days to the reduction of tolls for empty bodies, and especially the war for the reduction of the price of diesel – each price jump, to please the minority shareholders, mostly foreigners, implies a reduction of their earnings.

At this point, the dismissal of rights as workers has transformed the struggle for recognition of employment bonds as the main claim of truck drivers in recent years. They have won victories and defeats in inferior instances in the Labor Court. At the end of 2017, however, the carriers filed a lawsuit with the STF and were victorious thanks to a favorable ruling from Luiz Roberto Barroso.

In this environment, it is not difficult to understand the demonstration of a combativity long dammed, we will combine. 

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Brazil: It Appears Your Government Is As Crooked And Inept As The U.S. Government

(THIS ARTICLE IS COURTESY OF BRAZIL 247 NEWS)

 

Brazil: Government Made Fuel Crisis, 71.3% Of All Gas Stations Have No Fuel

(THIS ARTICLE IS COURTESY OF BRAZIL 247)

 

SURVEY

More than 90% of the posts in Minas Gerais are already depleted because of the strike

According to Minaspetro, 71.3% of the establishments surveyed are already totally without fuel

POSTED ON 05/25/18 – 10:53

The situation at the gas stations in Minas Gerais is increasingly critical due to the truck drivers’ standstill. According to a survey carried out by Minaspetro and released on Friday morning, about 93% of the establishments are already depleted because of the strike.

The entity that represents the dealers of fuels in Minas Gerais carried out the survey in 115 positions. 71.3% of them no longer have more than one type of fuel available. Another 21.7% have only one type of product – or alcohol, or gasoline or diesel.

The research also indicates that in about 9.6% of the stations surveyed the remaining fuel will end soon.

Regions

The research indicates that the situation is serious in the regions that concentrate the largest number of resales, mainly Belo Horizonte and metropolitan region, South of Minas, Zona da Mata and Triângulo Mineiro.

Supply

Approximately 60% of the stations surveyed are supplied by the Gabriel Passos Refinery (Regap), in Betim, which is still blocked by truck drivers and representatives of the Union of Fuel Transporters and Petroleum Derivatives  (Sindtanque) since last Tuesday (22) .

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