Venezuela doubles its oil exports, but reduces its shipments to Cuba

Although it managed to double its oil exports in June, to 487,000 barrels per day, Venezuela reduced its shipments to Cuba to only 9,740 barrels per day, well below the monthly average of 2021 (21,000) and 2020 (44,000) especially everything. Since the boom years when Hugo Chávez gave 100,000 barrels a day to Havana.

TankerTrackers cite InterAmerican Trends, which notes that, last month, the island received barely 2% of the total hydrocarbon exports issued by Caracas.

According to this data, Cuba is the fourth destination for Venezuelan oil, but it is far from China, which absorbs 80% of crude oil. The next beneficiaries were newcomers to the Caracas market, Spain (13%) and Italy (5%). Both enter through an agreement with the Spanish companies, Repsol and Eni, which are licensed from the United States, to buy crude oil and gas to offset the crisis due to the embargo imposed on Russian crude.

Export figures are still far from the target set by Nicolas Maduro, who aspired to sell about 830,000 barrels per day on the international market and produce at least two million barrels per day, but significantly improve oil revenues, which this month netted $612 million.

In addition to all the limitations of thermal power plants, the distributed generation did not have 1,040 MW due to failure or another 384 MW, due to maintenance in this case

The memo also mentions Iran as one of the beneficiaries of Venezuelan crude oil, which is common in barter agreements, although the percentage that Tehran obtained is not specified on this occasion.

The island has not been able to stabilize its energy situation, not only because less Venezuelan crude oil has arrived, but also because thermal power plants fueled by the national oil suffer from numerous malfunctions. “Since last Friday night, the country’s electricity service has not been affected by a generation capacity deficit, but the situation of the national electricity system remains tense, and the evidence is in the low reserve levels reported daily by Union Electric (UNE),” in a note published on Monday in Official Gazette of the Communist Party, Granma.

Units 6, 7 and 8 of the Máximo Gómez Thermal Power Plant (CTE) in Mariel, the Auto Parrillada unit in Havana, as well as Unit 4 of the CTE Diez are out of service due to faults. October, in Noivitas, Camaguey,” the update continues, information which largely contradicts the words of the UNE Technical Director, who told Canal Caribe that there were no malfunctions at operating thermal power plants.

“Following the police report tonight, there was a sharp increase in demand, which coincided with the operation of fans and air conditioners. In many provinces, users of social networks have reported power outages. The boiler in Block 5 of Renté has already been commissioned, is in the start-up process, and will be Synchronize it in the next few hours. If you have the strength, contribute a bit of the savings so that others will have it,” added Lazaro official journalist Manuel Alonso.

In addition, Unit 5 of the Antonio Maceo Central Plant, in Santiago de Cuba, was scheduled to return to order during peak hours on Sunday, but the synchronization was not performed last night. Two other units, one at the Diez de Octubre thermal power plant and the other at Lidio Ramón Pérez, in Holguín, are undergoing maintenance and are expected to return to the grid this week.

But in addition to all the limitations of thermal power plants, the distributed generation did not have 1,040 MW due to failure or another 384 MW, due to maintenance in this case.

The upshot is that despite the relative calm provided by the titles – some are even cynical, like Ghazi: Sunday without blackout (expected) -, The questions on social networks were huge and dozens of people reported blackouts and prolonged power outages in the midst of the sweltering summer heat.

Questions on social media were huge and dozens of people reported blackouts and prolonged power outages in the sweltering summer heat.

Venezuelan oil shipments and foreign donations are of little use. On Thursday, significant transfers of funds intended to improve power generation on the island were known. Prensa Latina reported the signing of an agreement between UNE and several Japanese companies to enhance the energy capacity of Isla de la Juventud in the amount of $17.5 million.

With the money, Havana will be able to purchase fast-discharge battery systems that act as frequency regulators in photovoltaics or wind farms, a technology that is supposed to promote the use of renewable energies and reduce the emission of polluting gases into the atmosphere. The signatories to the agreement are Energoimport, Nishizawa Limited and Toshiba Energy Systems & Solutions Corporation, where the technology can be obtained through the JICA Non-Refundable Financial Assistance Scheme from which other injection products have been obtained. And medical supplies for the famous buses that took much longer than expected to join the transport fleet in Havana.

In addition, the Russian agency Sputnik last week estimated the sums delivered by Moscow to Havana during the period from 2006 to 2019 in the amount of 2,300 million dollars to finance energy projects, as well as metallurgical and transport industries, of which 1,360 were allocated for the construction of a power plant, although the The cost of a business of this size can be up to ten times as much, depending on its capacity.

So far, Cuba has focused on reforming the energy system that needs billions of dollars in investment to completely change it. Jorge Peñon is director of the Energy Program for Latin America and the Caribbean at the University of Texas marty news This week the government cannot continue its “policy of assistance in dealing with the thermal power plants they are now renting from Turkey…in other words, there is a need for structural recapitalization”.

The expert, who analyzes small investments made with the help of Russia and China in particular, sees that a solution is not in sight. “I see on the horizon the complete collapse of the Cuban electrical system,” he asserts resoundingly.

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