Venezuela has dismissed an overseas media report that it has drastically reduced oil shipments to PetroCaribe member nations, including Jamaica.
The Miami Herald newspaper, quoting a Barclays Bank report, said Venezuela had cut in half its subsidised shipments of crude oil to PetroCaribe member nations to 200,000 barrels daily. However, Venezuela's Foreign Affairs Minister, Delsy Rodriguez, who visited St Kitts and Nevis this week, said attempts are being made to discredit PetroCaribe. She said PetroCaribe remains strong.
According to the Miami Herald, the cuts deepened after August last year, when crude oil prices began to drop. It quoted Barclays Bank as saying that Cuba has received about 55,000 barrels per day since September, nearly half of what it received in 2012.
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