The export of fuel to Cuba by Venezuela rose slightly in October compared to the previous month, although data from the state-owned PDVSA shows that its exports continue to decline.
According to Reuters, the Caribbean country sent 52,000 barrels of oil and other derivatives per day (bpd) to the island last month, which exceeds the 36,000 bpd in September but is far from the 81,000 in August.
Venezuelan exports, indicates the British agency, decreased in October due to a drop in crude oil production, reaching its fourth lowest monthly average of the year. The total was 533,968 bpd spread over 25 shipments, the majority sent to Asian countries, mainly Malaysia and China, through intermediaries, details the same source.
Venezuelan exports decreased in October due to a drop in crude oil production
The figure represents a drop of 25% (57,000 bpd) compared to September, specifies Reuters, and a decrease of 23% compared to October last year.
Last month, in addition, Venezuela paid Iran with 1.9 million barrels of heavy crude for imports from that country in September.
Although the 52,000 bpd is close to the commitment agreed in 2000 between the then presidents Fidel Castro and Hugo Chávez that Caracas provide 53,000 bpd in exchange for doctors, it does not seem that times are coming back, as happened until 2016, when Havana received around 90,000 bpd.
The crisis in Venezuela has been causing a sustained decline. In 2021, the total oil supply was 56,300 bpd, much lower than the 76,600 bpd of two years ago, and in recent months, the Island has had to dip into russian fuel.
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