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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]
Venezuela, Cuba largest oil supplier, has slightly boosted exports to an average of 58,000 barrels per day (bpd) so far this year, from 55,000 bpd in 2022, with more fuel oil for power generation ...
Cuba’s energy grid has collapsed, leaving millions without power, the latest in a series of failures on an island struggling from creaking infrastructure, natural disasters and economic turmoil.
HAVANA (Reuters) -Cuba's national electrical system collapsed early on Wednesday morning after the country's largest power plant failed, the government said, the latest of several such failures as ...
The Matanzas oil storage facility explosion was an explosion on 5 August 2022 of an oil storage facility in Matanzas, Cuba.It resulted in the death of at least one person, injuring 80 to 125 others, and leaving 17 firefighters missing.
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).
More than half of Cuba was without power on Thursday evening as fuel shortages and broken-down power plants left the government with little choice but to black out a vast swath of the Caribbean ...
Proven oil reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated, with a high degree of confidence, to be commercially recoverable from a given date forward from known reservoirs and under current economic conditions.