Mexican oil exported approximately 20,000 barrels of oil per day (bpd) of crude oil and its derivatives to Cuba in the second half of 2023, according to the annual report sent to US Securities Commission (SEC), confirming reports that the state-owned company had so far denied about supplies to the island.
Pemex said in a report that its subsidiary Petrol purchases crude oil and petroleum products from some of its subsidiaries in order to “export” them to Cuba.
The company detailed that between July and December last year, Gasolina Bienestar exported 16,800 barrels of oil per day (bpd) and 3,300 barrels of derivatives worth 6.3 billion pesos ($372 million).
“Sales to Gasolinas Bienestar, SA de CV are made under contracts denominated in pesos at current market rates. “We have procedures in place to ensure that such sales are carried out in accordance with applicable laws,” he adds. Pemex in the report.
Pemex did not disclose details about the incident. contracts was mentioned or referred to by current legislation, and also did not answer questions about whether there was export continued into 2024 or to what extent, although independent reports suggest they have persisted.
For months, the state giant denied its direct shipment of oil to Cuba even through donations.
Speaking to deputies in October 2023, the general director of the state-owned company Octavio Romerostated that the company had not made “any fuel donation to any foreign government” in response to a question about supplies to Cuba.
The official also did not mention whether Mexico was given any economic compensation for supplies to the island.
Reuters reported that oil supplies to Cuba began in April 2023.
The Caribbean country, hit by tough U.S. economic sanctions, has expanded its sources of oil imports in a bid to ease fuel shortages, replenish supplies and reduce dependence on its biggest supplier, Venezuela, with Mexico becoming one of its biggest suppliers. main suppliers.
Outgoing President Andres Manuel Lopez Obrador He said his government would support Cuba with everything it needs, arguing that the island is suffering from an inhumane and unjust blockade.
During his administration, the president supported Pemex with more than $90 billion. The state-owned company has large financial and supplier debts while struggling to maintain crude oil production and condensate – 1.8 million barrels per day.
Reuters
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
