Venezuela resorts to dark fleet to supply oil to ally Cuba

Venezuela resorts to dark fleet to supply oil to ally Cuba
Venezuela resorts to dark fleet to supply oil to ally Cuba

Hello and welcome to the details of Venezuela resorts to dark fleet to supply oil to ally Cuba and now with the details

Nevin Al Sukari - Sana'a - Cuba and its main oil supplier, Venezuela, for over a decade had exclusively used their own tankers to navigate between the two countries. — AFP

HOUSTON, June 25 — Venezuela’s state oil company PDVSA has begun using tankers that navigate off radar to supply its closest political ally, Cuba, as a fleet of state-owned vessels that have historically covered the route dwindles, according to documents and ship monitoring services.

Cuba and its main oil supplier, Venezuela, for over a decade had exclusively used their own tankers to navigate between the two countries.

Delayed maintenance, however, has taken some ships out of service and the emergence of Mexico as a new supplier to Cuba using some of the same vessels have the two revamping routes to get desperately needed crude oil and fuel to the island.

A large portion of tanker fleets owned by Venezuela and Cuba are under US sanctions, which also limits their travel. Operated by third parties, dark fleet vessels often lack western insurance and send false location signals to disguise their movement.

Advertisement

PDVSA in June began co-loading crude and fuel oil cargoes that deliver a portion in Cuban waters, and from there depart to destinations in Asia to discharge the remaining volume, according to company shipping documents.

The vessels spoof their signal, making them look elsewhere in the Caribbean while they are discharging in Cuba, often by ship-to-ship transfers, according to monitoring service TankerTrackers.com and a satellite photo by Planet Labs seen by Reuters.

One of the vessels, the Panama-flagged Neptune 6, was last week near Cuba’s Nipe Bay transferring Venezuelan heavy crude and fuel oil to Cuba-flagged vessel Esperanza, according to the documents and photo, analysed by TankerTrackers.com. The ship’s transponder is signalling a location north of Curacao since late May, according to LSEG data.

Advertisement

PDVSA and the foreign affairs ministries of Venezuela and Cuba did not provide comment. It was not immediately clear if the use of third-party vessels to supply Cuba is temporary.

In need of barrels

The extra vessels could help boost Venezuela’s oil supply to Cuba, which so far this year is at 27,000 barrels per day (bpd), compared with 51,500 bpd in the same period of 2023.

The covert help comes as demand for electricity produced by oil-fired plants soars during sultry Cuban summers.

Blackouts that were occasional in Cuba have become routine as imported supplies are limited and logistical issues complicate domestic fuel distribution to its aging power plants.

Cuban energy officials also have said workers are tuning up and providing maintenance to power generating plants ahead of the high-demand summer season, and hope the coming months will see fewer blackouts.

Cuba has not been able to fully recover its oil storage capacity since a devastating fire destroyed a portion of the island’s largest oil terminal, Matanzas. The lack of tanks forces suppliers to transfer cargoes to other ships used for floating storage by Cuba.

In May, Mexico’s state company Pemex resumed oil shipments to Cuba after a three-month pause in the same vessels used to ship oil from Venezuela, Reuters reported. — Reuters

These were the details of the news Venezuela resorts to dark fleet to supply oil to ally Cuba for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Victim’s family sues Canadian accused of selling ‘suicide kits’
NEXT Elon Musk vs. Brazilian supreme court: What’s behind the X shutdown order?

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]