Madrid/Venezuela sent Cuba this July 31,000 barrels per day (BPD) of crude oil, gasoline and fuel for airplanes (querosene), according to data revealed Monday by the Reuters agency. The amount is approximately the average of what was exported during the year 2024 and that it was also being constant during the first four months of April –32,000 BPD–, in May the shipments to the island were not known and in June the historical collapses up to 8,000 bpd.
Although the newly known data represents an increase of 287.5% compared to the previous month, the amount remains Iphima for the needs of the island, which in the 2000 agreements signed between Hugo Chávez and Fidel Castro agreed an average of 55,000 BPD per day. In those early millennium, exports were even well above the established, frequently exceeding 80,000 and becoming above 100,000 BPD.
In those early millennium, exports were even well above the established, frequently exceeding 80,000 and becoming over 100,000 BPD
Now, the island has been forced to look for a “formula” with Caracas to bring more PDVSA fuel, according to the Minister of Energy and Mines, Vicente de la O Levy, and the president, Miguel Díaz-Canel, last May. The leaders joked with which they had to maintain that format secret to prevent it from being persecuted – for the US, as it was infected -, so it is unknown what it consists of. What seems evident is that it is not yet too effective, since the electrical deficit continues to be attributed mostly to the scarcity of crude.
According to the information of the electric union on Monday, the same day that part of the electrical system was disconnected by a fault, leaving Havana without lighta deficit in the peak time of 1,792 megawatts (MW) is expected, which is an affectation of 1,862 MW. Most, 574 MW, are attributed to the distributed generation, which is supplied with the imported fuel.
The exports of the Venezuelan state, PDVSA, fell by 10%, from 807,000 BPD of crude and refined to only 727,000 barrels per day, attributable to the waiting compass in which Chevron and other partner companies are Trump
TO Finals July, Washington He announced the granting of a new “restricted” authorization of which not too many details are known, in addition to being forged as part of the exchange of prisoners that was made with Caracas. Among the conditions, it is believed that there is that the money from the sale of oil cannot be transferred in any way to the Government of Nicolás Maduro, although it is not clear how the Executive will be prevented from managing the profits of a state company.
Last Friday, the executive director of the American oil company, Mike Wirth, confirmed during an appointment with several analysts in the sector, which expects this August “a limited amount of oil will begin to flow to the United States from operations in Venezuela
Last Friday, the executive director of the American oil company, Mike Wirth, confirmed during an appointment with several analysts in the sector, which expects this August “a limited amount of oil will begin to flow to the United States from operations in Venezuela in which we have interest, according to the US sanctions policy.” The manager added that at the moment the impact on the accounts will not be significant, but that they calculate that it is considerably noticed in the financial results of the third quarter.
Thus, most of the oil produced by Venezuela, have gone back to China, which takes 95% of total exports. In addition to crude, PDVSA exported 227,000 metric tons of oil and petroleum petrochemicals in July.
According to the documents to which Reuters had access, during the last week of July, the main oil terminal in Venezuela, the port of José, was almost completely emptied, which promoted the stocks of heavy crude and diluents.
