Repsol supplies PDVSA with 300,000 barrels of low-sulfur diesel fuel. Cuba receives 250,000 barrels of refined products
Mary Mogollon, Platss S&P Global
CARACAS
EnergiesNet.com 02 07 2025
Venezuelan exports of AC-30, an oil-derived asphalt cement, increased to 525,000 barrels in January, up 54% from 243,000 barrels in December, according to a report on activity at the oil ports of the Paraguaná Refining Center, operated by state-owned PDVSA.
According to the report, Global Oil lifted five cargoes at the CRP, destined for Portland, Baltimore, and New Haven in the US and Puerto Cortés in Honduras. 92% of the 525,000 was registered with a final destination in US ports.
Global Oil lifted AC-30 cargoes totaling 732,000 barrels in 2024 in 10 cargoes, nine of them destined for the US and one for the Dominican Republic.
Global Oil’s cargoes have progressively increased since December 2023, when it lifted 85,000 barrels of AC-30 to Perth Amboy.
US-based Global Oil Management Group transports oil and asphalt by sea. Global Oil was not immediately available for comment.
Supply to Cuba
In January, PDVSA supplied Cuba with 250,000 barrels of refined products from the Paraguaná Refining Center, according to the report.
On Jan. 8, the tanker Maria Cristina lifted a cargo of 100,000 barrels of Jet A1 with a final destination in Matanzas. On Jan. 22, the tanker Dora lifted a cargo of 150,000 barrels of 91 RON blendstock to Havana.
The CRP tanker report does not include other exports to Cuba.
Oil supplies to Cuba from Venezuela have been made since 2000, following a cooperation agreement between the two countries. Although erratic, both in volumes and oil products, PDVSA’s supply to Cuba has been maintained, despite the US sanctions.
In 2024, PDVSA supplied Cuba with 1.05 million barrels of 91 RON blendstock in seven cargoes and, additionally, 150,000 barrels of Jet A-1 in two cargoes, according to the report.
Other cargoes
On Jan. 26, the tanker Madelyn Grace, nominated by the Spanish company Repsol, unloaded at one of the marine terminals of the Amuay refinery 300,000 barrels of 0.5% sulfur diesel.
The report also records the export of 1 million barrels of fuel oil to the port of Qingdao, China, in January.
spglobal.com 02 05 2025
