Russia signs agreement to supply oil to Cuba


Added 05 May 2017


HAVANA, Cuba – Russia’s state oil company Rosneft, has signed an agreement with Cuba’s state-run Cubametals to supply 250 000 tonnes of oil and diesel fuel.

The agreement, signed on Wednesday, means that for the first time this century, Russia will be supplying the Spanish-speaking Caribbean island with large quantities of oil as supplies for Venezuela have dwindled. 

According to Reuters, a Russian tanker with 249 000 barrels of refined products is due to arrive here on May 10. 

Reuters quotes Jorge Pinon, an oil expert at the University of Texas as saying that Cuba consumes 22 000 barrel per day of diesel and 140 000 barrels per day of oil products. 

“It is very clear that Cuba is diversifying its long-term supply contracts in the event that its October 2000 subsidised oil agreement with Venezuela is terminated,” Pinon said.

In recent years, Cuba has relied on cash-strapped Venezuela for about 70 per cent of its fuel needs.

However Venezuela’s subsidised shipments have fallen by as much as 40 per cent since 2014. (CMC)


Dos and Donts

Welcome to our discussion forum here on We encourage lively debate, but we also urge you to take note of the following:

  • Stay on topic – This helps keep the thread focused on the discussion at hand. If you would like to discuss another topic, look for a relevant article.
  • Be respectful – Meeting differences of opinion with civil discussion encourages multiple perspectives and a positive commenting environment.
  • Do not type in capitals – In addition to being considered “shouting” it is also difficult to read.
  • All comments will be moderated – Given the volume of comments each day, this may take some time. So please be patient.
  • We reserve the right to remove comments – Comments that we find to be abusive, spam, libellous, hateful, off-topic or harassing may be removed.
  • Reproduction of comments – Some of your comments may be reproduced on the website or in our daily newspapers. We will use the handle, not your email address.
  • Do not advertise – Please contact our Advertising Department.
  • Contact our Online Editor if you have questions or concerns.
  • Read our full Commenting Policy and Terms of Use.
comments powered by Disqus





Do you like the response by the Attorney General and police to the crime situation in Barbados?

Don't Know