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Eni began early production at the Miztón oilfield in June 2019 (Image: Eni)

It can also store 700,000 barrels of crude. The vessel will play a key role in allowing
The FPSO was assembled at a shipyard in the Area 1 project to achieve full-field develop-
Singapore by MODEC, an affiliate of Mitsui ment status. In its statement, Eni explained that
(Japan). The vessel was finished last autumn full development would involve the drilling of
and began sailing to Mexico on October 27. It 33 development wells linked to three wellhead
arrived in Mexican waters in early January and platforms and one monopod, in addition to
was then connected to a mooring system and the Miamte MV 34. Two of these platforms are
subjected to pre-commissioning and integrated already in place at Amoca and Miztón, the Ital-
commissioning activities before launching reg- ian major noted, while plans are being made for
ular operations. further development at Toecoalli and Amoca. ™

CUBA
Cuba reporting more fuel shortages as oil

prices rise and Venezuela cuts shipments

FOLLOWING the Russian invasion of Ukraine,
petroleum product shipments to Cuba from
Venezuela and other regular suppliers have
plummeted far below their usual levels. This,
together with rapidly rising prices that have
made fuel largely unaffordable, has led to major
shortages in Cuba, Reuters reported last week.
Supply shortfalls have led to long lines in
front of fuel stations. On a broader level, they
also represent an obstacle to economic recovery
from the coronavirus (COVID-19) pandemic,
which has compounded the impact of the sanc-
tions imposed by the US government.
Cuba heavily relies on its political ally Ven- Customers have had to queue up at many Cuban filling stations (File Photo)
ezuela for fuel, as the latter supplies more than
50% of the former’s total consumption. Ven- barrels per day (bpd) of oil to Cuban refineries
ezuela’s national oil company (NOC) PdVSA on average since 2019. Nevertheless, shipments
is also one of the island state’s main sources have fallen over time, as PdVSA has seen its out-
of crude and has delivered more than 32,000 put levels sink due to US sanctions on Caracas.

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