The newly completed January marked a historical fall in the arrival of oil Venezuelan to Cuba, because the figure stood around 10,000 barrels per day, less than half of what was supplied to the island the previous month and far from what was agreed by Hugo Chávez and Fidel Castro when they ruled in both nations.
According to a Report of the agency Reutersthe state Petróleos de Venezuela (PDVSA) closed the year 2024 exporting to Cuba 24,000 barrels per day, a figure that contrasts with what was registered in the golden age of the agreementwhich came to exceed 350 thousand barrels per day, mostly paid by the island with the provision of services.
Venezuela Oil Exports Rise on Chevron’s Postes, More Supply to China https://t.co/cdcineaelr
– Reuters Venezuela (@reutersvzla) February 5, 2025
This significant decrease has had a great impact on the deep and extensive energy crisis that the island livesfrom the inability to generate all the necessary electricity through its obsolete and overexploited thermoelectric.
This Thursday, the Electric Union (UNE) predicted a deficit in the generation during the maximum demand schedule of slightly greater than the 1500 megawatts (MW), which will cause effects to the service that could reach 1575 MW, which will result in Simultaneous blackouts in much of the country.
During the previous day the entity reported that it had not been possible to put 53 units of its distributed generation network due to the lack of fuel, a situation that has been recurrent during the most recent months.
It is striking that the decrease in supplies to Cuba have coincided with the increase in January of PDVSA exports around 867 thousand barrels of daily oil, which means 15 % compared to the previous month.
The remarkable jump would be supported by an increase in the shipments of the American Chevron Corp. from its joint companies with PDVSA, and more cargoes destined for China, according to data on the movements of ships managed by Reuters.
Chevron operates in Venezuela together with the state company thanks to a license received during the administration of Joe Biden, and although his successor Donald Trump has exposed his rejection of this type of relationship with the government headed by Nicolás Maduro, for now he has not Taken any measure to revoke licenses.
In this way, Chevron has continued to send oil cargoes to the United States to be prosecuted in its own refineries and then sell them to its customers.
In that context, the medium indicates, Venezuelan oil exports to several destinations have grown significantly.
China remained the main market and in January it imported 442 thousand barrels per day, which means 21 % more than what the previous month registered. Something similar happened with Europe, where sales doubled in that period, while in India they remained at the previous levels.
