Havana Cuba Business Travel Culture and Politics

Havana Cuba News

Cuba Business News

Posted October 29, 2008 by publisher in Cuba-World Trade

Email this article | Print this article | Search Havana Journal        

ElUniversal.com

Venezuela and Cuba are to invest thousand million dollars to take the island’s refining capacity to about 350,000 bpd of oil by 2012, said on Tuesday the Cuban media.

Cuban Minister of Basic Industry Yadira García gave the news, although falling oil prices could curb Venezuela’s plans to build a dozen refineries in the region.

Venezuela’s investments are expected to take priority in Cuba, where the refining capacity totals 130,000 bpd, according to local experts.

García said that both countries wish to build a new refinery in Matanzas and expand the facilities that they jointly operate in the port city of Cienfuegos. In addition, there are plans to double the capacity of another refinery in Santiago de Cuba.

The Cienfuegos refinery opened at the end of 2007 and is currently producing 65,000 bpd.

—————————————————Havana Journal Comments————————————————

Havana Journal Inc. owns CienfuegosRefinery.com and is always looking for development partners.

Find Cienfuegos on Amazon

Would you like to add more information?


Only members can add more information. Please register or log in

  • Advertise at Havana Journal Inc
Images of Cuba
Santiago de Cuba Province in Cuba
Follow Havana Journal
SUBSCRIBE to our Cuba Watch newsletter
LIKE us on Facebook

FOLLOW us on Twitter

CONNECT with us on Linked In

Section Archive
Havana Journal, Inc. BBB Business Review



Member of the Association for the Study of the Cuban Economy