Floating Storage and Offshore (FSO) vessel, Nabarima, containing tens of million of gallons of oil now has a severe list, raising fears an environmental disaster. The vessel, anchored in the Gulf of Paria, off the coast of Venezuela, is holding some 1.3 million barrels of crude oil. Built in 2005, the facility is operated by a joint venture by Venezuela state oil company PDVSA and Italy’s Eni, which have been exploring options to offload crude from the vessel. It has been idled for over a year due to U.S. sanctions on PDVSA.
