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November 3, 2022
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Chavista regime increased oil shipments to Cuba in October

Tanquero; Cuba;

MIAMI, United States. — The Chavista regime sent a daily average of 52,000 barrels of oil per day (bpd) to Cuba last October, according to information published this Wednesday by the agency Reuters.

The British media indicates that the total cargo sent to the Caribbean island included crude oil, fuel oil, diesel and jet fuel.

In this way, Venezuela is confirmed as the main oil patron of the Cuban regime, “which struggles to meet the internal demand for fuel in the midst of increased consumption and insufficient imports after a major fire damaged its main oil terminal in August.” .

Recently, the state company Cuba-Petroleum Union (CUPET) assured that did not have fuel to distribute throughout the country. The company indicated that the situation was due “to operational logistics difficulties and higher than usual demand.”

Venezuelan fuel shipments to Cuba have fluctuated in recent months. In October, an average of 81,000 bpd was registered, a figure that fell to 36,000 bpd in October.

Oil tanker tracking data from Refinitiv Eikon and internal export reports from the state-owned Petróleos de Venezuela (PDVSA) to which it had access Reuters indicate that in October a total of 25 shipments left Venezuelan waters with an average of 533,968 bpd of crude oil and derivatives, a 25% decrease from September and a 23% drop from October a year ago.

The British agency adds that most of the oil shipments sent by Venezuela last month went to Asian destinations, mainly Malaysia and China, always through intermediaries.

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