Thursday, 23 March 2017

Venezuelans Line Up For Gasoline As OPEC Nation's Oil Industry Struggles

Grumbling Venezuelans were lining up for scarce gasoline across the OPEC nation on Wednesday, due to mounting oil industry woes in the country with the world's largest crude reserves. Venezuela, which also has the world's cheapest gasoline, has wrestled with intermittent gasoline shortages in recent months, especially in the central coastal area. Long lines were reported in capital Caracas, which is unusual, and the eastern city of Puerto Ordaz on Wednesday. Dozens of cars could be seen snaking into streets and some service stations were shuttered. "I can't find 95 octane gasoline anywhere. And we're an oil-producing country! It's pathetic," said Jose Paredes in Caracas' wealthy Altamira district.


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