Venezuela To Support Reconstruction Of Cuban Port
08.19.2022 By Ella Keskin - NEWS

August 19, 2022 [ Voice of Nigeria ] – Venezuela has pledged to support Cuba in the reconstruction of its only supertanker port in Matanzas partially destroyed by fire.

 

President Nicolas Maduro directed Venezuela’s oil minister and the president of state-run PDVSA  to get in touch with the corresponding Cuban authorities “to begin the design of the reconstruction of the supertanker yard,” he said in a speech honoring the Venezuelan firefighters sent to combat the blaze.

About 40% of Cuba’s main oil terminal In Matanzas was destroyed when lightning set a crude storage tank ablaze, later spreading to three others, resulting in massive power outages.

“We are going to design where it will be built, where the loading yard will be, and begin the construction,” Maduro said.

Cuba has long relied on the 2.4 million-barrel Matanzas terminal, about 130 km from Havana, for most imports and storage of crude and heavy fuel oil.

Venezuela, which is Cuba’s main source of imported crude oil and fuels, shipped about 57,000 barrels per day (bpd) to the island in the first seven months of this year, in line with 2021 volumes.

 


Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Marathon Petroleum Profit Beats as Margins Rebound from Multi-Year Lows
02.03.2026 - NEWS
February 03, 2026 [Reuters]- Marathon Petroleum reported fourth-quarter profit above Wall Street ... Read More
Dow Announces 2029 Startup of Phase 1 of Its $7.5-B Path2Zero Ethylene Project
02.03.2026 - NEWS
February 03, 2026 [Hydrocarbon Processing]- Dow Inc.’s proposed Path2Zero petrochemical complex... Read More
Frontera to Sell Colombian Assets to Geopark for Up to $400m
02.03.2026 - NEWS
February 03, 2026 [Offshore Technology]- Frontera Energy has signed a definitive agreement to sel... Read More
Equinor Exits Vaca Muerta With $1.1 Billion Sale to Vista Energy
02.03.2026 - NEWS
February 03, 2026 [Oil Price]- Equinor will sell all its assets in Argentina’s Vaca Muerta basi... Read More