Cuba has long been assumed to be a minor oil producer, with estimated 2007 reserves of 124 million barrels. However, in October Rafael Tenreyro Pérez, the exploration manager for the state-owned oil company Cubapetroleo (CUPET) announced that the country had potential oil reserves of more than 20 billion barrels - a major increase on previous estimates and only nine billion fewer than the reserves of its northern neighbour, the US
[first posted to http://jir.janes.com - 11 December 2008]
No comments:
Post a Comment