Venezuelan shipments of crude oil to Cuba
have fallen 13 percent in the first six months of 2017, according to official
PDVSA data seen by Reuters this week. Havana reduced electricity use quotas for
its state-run businesses by 28 percent last year, but the government did not
put caps on residential consumption. Former Venezuelan President Hugo Chavez
set up contracts with communist Cuba regarding oil supplies back in 2000. In
return, Cuba offers Venezuela doctors and other medical services. The documents
showed that PDVSA sent Cuba 72,350 barrels of crude and refined products per
day through June – 13 percent less than the same period last year. More…
Friday, July 14, 2017
Venezuela Cuts Shipments To Cuba By 13% Through June 2017
Venezuelan shipments of crude oil to Cuba
have fallen 13 percent in the first six months of 2017, according to official
PDVSA data seen by Reuters this week. Havana reduced electricity use quotas for
its state-run businesses by 28 percent last year, but the government did not
put caps on residential consumption. Former Venezuelan President Hugo Chavez
set up contracts with communist Cuba regarding oil supplies back in 2000. In
return, Cuba offers Venezuela doctors and other medical services. The documents
showed that PDVSA sent Cuba 72,350 barrels of crude and refined products per
day through June – 13 percent less than the same period last year. More…
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