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PDVSA strengthens Cuba-Venezuela Agreement to boost oil exports

The vice president of trade and supply of Petróleos de Venezuela, S.A. Ysmel Serrano, concluded a productive work trip to the Republic of Cuba in order to strengthen energy cooperation ties as part of the Cuba-Venezuela Agreement.

Key issues for the development of integration policies with the peoples of the Caribbean were discussed in a meeting with the Minister of Energy and Mines Alfredo López Valdez, and the General Director of state-owned company Unión Cuba-Petróleo (CUPET) Juan Torres.

Serrano said this bilateral agreement, since its inception in 2000, has consistently fulfilled the obligations set forth in the comprehensive energy cooperation accord, "having a positive impact on the economic and social development of both nations".

Accompanied by Operations Manager and President of PDV Marina Admiral Franklin Montplaisier, he visited the Matanzas Supertanker Base, the main marine terminal for the reception of hydrocarbons and operations logistics system for storage and distribution.


Supply strategies to ensure ongoing and efficient shipment reception operations were discussed. “It was made clear to us the excellent conditions and the high operational level of this base”, said Serrano.


They also held a meeting with Vice President of the Executive Committee of the Council of Ministers Ricardo Cabrisas Ruiz, on refining, production, exploration, commercialization and distribution of hydrocarbons, highlighting the key role of Venezuela in the development of their Economic and Social Plan 2017-2030.


Cabrisas acknowledged the efforts made by President of the Republic Nicolás Maduro to support the recovery of oil prices. He also expressed his solidarity and emphatic support for the Bolivarian Revolution and the Vice President of the Republic Tareck El Aissami, in the midst of the US empire’s vile attack of recent days.


Finally, Serrano ratified the support and commitment of oil industry workers in the construction of a multipolar world where the sovereignty of the peoples is respected, as dreamed by Commander Fidel Castro and our Supreme Commander Hugo Chávez.

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