Cuba To Drill For Oil In Deep Water Despite Low Prices

"This kind of company is very sensitive to legal matters, so they are going to take it step by step," he said. "There's not going to be an avalanche."

Cuba receives much of its oil from socialist ally Venezuela, which continues to supply approximately 100,000 barrels of oil to Cuba per day, Suarez said.

"Everything remains the same (with Venezuela) because those are state agreements, not through the company," Suarez said.

(Reporting by Jaime Hamre; Editing by Daniel Trotta and Marguerita Choy)


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art  |  October 24, 2015
Well theres the IMF, World Bank, ExIm, etc. ... you (and we) will be funding this @!*?#! nonsense.
John  |  October 22, 2015
Cuba has no money, who will find this exploration.