Venezuelan state oil giant PDVSA will prospect for, pump and refine oil from Cuba’s Gulf of Mexico economic zones, the company has announced. Spain’s Repsol-YPF, PDVSA and many of its rivals are looking for new oil fields around Cuba, one of the most under-exploited areas in the world. If they were to make a major find, or several significant ones, the shift could turn regional geopolitics upside down, potentially turning Castro’s cash-strapped, oil import-dependent regime into a prosperous oil exporter able to fund itself well into the future.
Green Marine
about 21 years ago
Venezuela’s PDVSA to search for oil off Cuba
Venezuelan state oil giant PDVSA will prospect for, pump and refine oil from Cuba’s Gulf of Mexico economic zones, the company has announced. Spain’s Repsol-YPF, PDVSA and many of its rivals are looking for new oil fields around Cuba, one of the most under-exploited areas in the world. If they were
Reach the Offshore Energy industry in one go!
Offshore Energy is read by thousands of professionals every day.
Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.
Follow Offshore Energy on: