Madrid/A new well -being gas report, the subsidiary that the Mexican state oil company Pemex uses to send fuel to Cuba, certifies that crude oil exports increased during the mandate of Claudia Sheinbaum compared to that of her predecessor, Andrés Manuel López Obrador.
In the first semester of 2025, the value of the shipments rose 6% compared to the same period of the previous year, from 5,000 million pesos (about 272 million US dollars) to 5.3 billion pesos (289 million dollars). With these data, it can be calculated that the total number of barrels was 3,257,800.
According to the document that the company delivered this month to the United States Stock Exchange and Securities Commission, to which it is obliged as a contributing company, growth is due to oil, whose shipments increased by 2.8% in volume. In the first half of 2024, exports were quantified in 17,400 barrels per day (BPD), while in the same period of this year they rose to 17,900.
Meanwhile, the derivatives decreased, a trend that was already reflected in the data of the first quarter. Of the 1,800 BPD in 2024 it has passed to 1,700. In volume, “these sales represented 3.3% of total crude oil exports [de Pemex] and 1.8% of the total exports of oil products, respectively, ”says the report, reviewed For the Mexican newspaper The Universal This Tuesday.
The company emphasizes that “welfare gas sales are made through contracts called pesos at the rates in force in the market”
The company, as in all its reports, emphasizes that “the sales of well -being gasoline are made through contracts called pesos at the rates in force in the market” and insists that it has “with procedures to ensure that such sales are made in accordance with the applicable legislation”. The clarification, remarkable because with her Pemex tries to make it clear that it complies with the US legislation as far as the embargo on Cuba is concerned, twice repeats the word “sale.”
Since the mid -2023 Mexico began to send fuel to Cuba the mystery around payments has remained. Initially, the possibility of being donations, extreme denied by the president of Pemex, although the statement of the then Foreign Minister Alicia Bárcenas about studying how to charge Cuba the shipments generated doubts about it was contemplated. Two years have passed and it is not yet known if the island receives oil as barter or as part of a triangulated agreement with Venezuela, which has been breaking the agreement to export at least 55,000 BPD to the island.
In Mexico, skepticism about the nature of these exports is maximum, not only because of an ideological issue, but for the risk of leading to a confrontation with its first commercial partner, the US, in addition to the debts that drown the state oil company.
“Everything that the Mexican government does in the opposite direction to the interests that President Trump has put on the table is dangerous, because it can affect the expectations or agreements that have already been achieved,” he told The Universal Ana Lilia Moreno, Coordinator of the Regulation Program in Mexico evaluates.
The expert adds that it is a complex issue, because it contributes to Cuba not to turn off completely can be considered necessary towards the population, but the government still does not guarantee human rights. “The problem is that the Cuba regime does not yield to the pressure of the same people and continues to repress. For the president [Claudia] Sheinbaum is difficult, but can seriously affect. There is even talk that Cuba may not be paying this entirely, ”he says.
The newspaper has taken stock of Total Pemex exports and concludes that, although they have descended in a generalized way, the volume destined for Cuba is increasing
The newspaper has taken stock of Pemex’s total exports and concludes that, although they have descended in a generalized way – in the first semester of 2025 they fell almost to half as in the same period of 2020, with 628,000 BPD compared to 1,142,000 -, the volume destined for Cuba is increasing, just like the value.
Gonzalo Monroy, director of the consultant GMEC and also consulted by the newspaper, reproaches that this occurs at a time when the state has 23,000 million dollars of debt to suppliers and 98,000 million dollars in financial debt.
“Now, in Trump’s second stage, the Mexican government must be careful with these operations, since commercial relations cannot be done with companies that are in the list of the embargo imposed by the United States,” he says.
A peculiarity of this report is that Pemex announces that it will allocate 130 million pesos in financial investment to well -being.
The Mexican organization against corruption and impunity (MCCI) TDifferent estimates on exports have of oil and based on numerous ship movements between May and June places at 850 million dollars or more the value of crude oil shipments in the first half of 2025.
