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The company is involved in the extraction of petroleum deposits as well as the refining and distributing of petroleum products. In conjunction with the conglomerate CIMEX, it operates a chain of filling stations selling gasoline in convertible pesos. The extraction is based in Cuba's northern region of Havana Province (Provincia de la Habana).
Cuba has three producing offshore oil fields within 5 km of its north coast. [2] A 2004 partnership between Spanish oil company Repsol-YPF and Cuba's state oil company Cupet estimated Cuba's off-shore reserves to be able to ultimately produce between 4.6 and 9.3 billion barrels of crude oil. [3]
Havana (/ h ə ˈ v æ n ə /; Spanish: La Habana [la aˈβana] ⓘ) [5] is the capital and largest city of Cuba. The heart of the La Habana Province, Havana is the country's main port and commercial center. [6] It is the most populous city, the largest by area, and the second largest metropolitan area in the Caribbean region.
Pages in category "Oil and gas companies of Cuba" The following 3 pages are in this category, out of 3 total. This list may not reflect recent changes. C.
The largest immediate impact was the loss of nearly all of the petroleum imports from the Soviet Union; [9] Cuba's oil imports dropped to 10% of pre-1990 amounts. [ 10 ] [ better source needed ] Before this, Cuba had been re-exporting any Soviet petroleum it did not consume to other nations for profit, meaning that petroleum had been Cuba's ...
Category: Petroleum industry in Cuba. 4 languages. ... Oil and gas companies of Cuba (3 P) This page was last edited on 24 January 2020, at 23:30 (UTC). ...
The economy of Cuba is a planned economy dominated by state-run enterprises. In the 1990s, the ruling Communist Party of Cuba encouraged the formation of worker co-operatives and self-employment. In the late 2010s, private property and free-market rights along with foreign direct investment were granted by the 2018 Cuban constitution.
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