Fidel Castro and Hugo Chávez proclaimed a decade ago that
they presided over a single country, combining Cuba’s educated workforce with
Venezuela’s oil wealth to challenge U.S. power across Latin America. Now Mr.
Castro is gone, three years after Mr. Chávez’s death, and the union between
their two countries, while still strong on paper, is withering away fast. Daily
shipments of more than 100,000 barrels of subsidized Venezuelan oil, the lifeblood
of Cuba’s economy, have dropped by more than half since 2013, according to oil
traders and Cuban refinery workers. In November, Cuba had to buy oil on the
open market for the first time in 12 years, because of Venezuela’s plummeting
output. More… Wednesday, December 14, 2016
Cuba and Venezuela’s Ties of Solidarity Fray
Fidel Castro and Hugo Chávez proclaimed a decade ago that
they presided over a single country, combining Cuba’s educated workforce with
Venezuela’s oil wealth to challenge U.S. power across Latin America. Now Mr.
Castro is gone, three years after Mr. Chávez’s death, and the union between
their two countries, while still strong on paper, is withering away fast. Daily
shipments of more than 100,000 barrels of subsidized Venezuelan oil, the lifeblood
of Cuba’s economy, have dropped by more than half since 2013, according to oil
traders and Cuban refinery workers. In November, Cuba had to buy oil on the
open market for the first time in 12 years, because of Venezuela’s plummeting
output. More…
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