Informacion economica sobre Cuba

Exploration for oil to begin offshore Havana

Published on Wednesday, June 25, 2008 Email To Friend Print Version

HAVANA, Cuba (ACN): The Cuban capital Havana may become Cuba's third
largest oil producing territory, after Matanzas and La Habana provinces,
said experts of Cuba Petroleo Company (Cupet).

CUPET experts said five off-coast exploration wells are to be drilled in
Habana del Este, Cojimar, Alamar, Bacuranao and Tarara, at the so-called
heavy crude strip, reports Prensa Latina news agency.

The specialists said some wells may yield lighter, lower sulphur oil,
improving its commercial value and usage, help enhance its industrial
power and domestic supply and replace imports.

Cubahora rates domestic oil output growth in 2007 in four percent
compared to 2006 and near seven fold the 1990 output, and covers 47
percent of the national demand.

http://www.caribbeannetnews.com/article.php?news_id=8746


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