Cuba Shows Off Oil Works to Foreigners

Cuban oil officials took foreign geologists and petroleum experts on a tour of the island’s oil and natural gas works on Saturday in hopes of sparking more international interest in investment.

Attendees at an earth sciences conference were taken by state oil company Cuba Petroleos to several extraction facilities in a deposit-rich strip along the northern part of the island, including the US$200 million (euro150 million)
Cuban-Canadian ENERGAS natural gas plant in an area called Boca de Jaruco.


“The geology we find here is very similar to that of eastern Mexico, of the southern United States,” said Rafael Tenreyro, a drilling specialist with the state oil company, known as Cupet.

About 95 percent of Cuba’s daily production of 85,000 barrels of petroleum and 120 million cubic feet (3.4 million cubic meters) of natural gas comes from the region along the north coast.

AFX News Limited