Coral Gables Firm Vanguard Energy Secures Historic Fuel Supply Deal with Cuba
Coral Gables firm strikes deal to send fuel to Cuba’s private sector on oil tankers

Image: Miami Herald
Vanguard Energy, based in Coral Gables, has signed a groundbreaking agreement to lease fuel storage facilities in Cuba and supply fuel to the private sector and humanitarian organizations. This deal marks a significant shift in Cuba's fuel sector, allowing for larger shipments and potentially easing the island's energy crisis.
- 01Vanguard Energy will supply fuel using oil tankers instead of smaller ISO tanks, significantly increasing capacity.
- 02The deal allows Vanguard to maintain ownership of the fuel, ensuring compliance with U.S. regulations.
- 03This agreement could pave the way for more U.S. companies to enter Cuba's energy market.
- 04Cuba has faced severe fuel shortages due to the cessation of shipments from Venezuela and other countries.
- 05The contract includes provisions for monitoring and compliance to prevent fuel diversion to the Cuban government.
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Coral Gables-based Vanguard Energy has entered a landmark agreement to lease fuel storage facilities from the Cuban government, enabling the supply of gasoline and diesel to Cuba's private sector and humanitarian organizations. This deal follows the Trump administration's authorization of oil exports for private sector activities without specific licenses. Vanguard will now ship fuel in large oil tankers, allowing for a more efficient supply chain compared to the previous method using ISO tanks, which had limited capacity. The company plans to deliver over 250,000 barrels of fuel monthly, retaining ownership until payment is made in the U.S. This move aims to alleviate Cuba's ongoing energy crisis, exacerbated by the halting of Venezuelan oil shipments. The agreement represents a significant shift in Cuba's fuel sector, potentially opening the door for further U.S. involvement in the island's energy market. Legal experts involved in the negotiations emphasize the importance of compliance measures to ensure that fuel does not benefit the Cuban government or military. The deal is seen as a potential catalyst for future privatization in Cuba's energy landscape.
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The deal could significantly improve fuel availability for private businesses and humanitarian organizations in Cuba.
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