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LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

October 13, 2023

Why Is Mexico Reconsidering its Oil Donations to Cuba?

Mexico could start charging Cuba for the oil it has been sending to the island, Mexican Foreign Affairs Secretary Alicia Bárcena said last month. // File Photo: Mexican Government.

Q

A

Ryan Berg, director of the Americas Program at the Center for Strategic & International Studies: “One would think the most indebted state-owned oil company in the world, Pemex, would not have the capacity or luxury to gift oil to anyone—and yet, that’s exactly what we’ve seen in Mexico’s case. Under President Andrés Manuel López Obrador (AMLO), Mexico has sent several cargoes of oil to Cuba, joining the ranks of the Maduro regime in Venezuela, which also routinely does the same. In exchange, Cuba generally provides ‘services’ in the form of internal security in the case of Venezuela, and several ‘medical missions’ of doctors in exchange. It should not be surprising that AMLO has gifted oil to the Díaz-Canel regime in Cuba. Díaz-Canel was the guest of honor at Mexico’s Independence Day celebrations in 2021, and AMLO has inveighed frequently against U.S. policy toward Cuba for years. It is clear the Mexican president feels an ideological affinity toward the Cuban president as…”

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A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
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Practice Group,
Haynes & Boone

R. Kirk Sherr
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Clearview Strategy Group

Daniela Stevens
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Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
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Hunton Andrews Kurth

Alexandra Valderrama
Director,
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