Cuba reached its target of 3.9 million tons of oil and gas in 2006, while foreign companies in association with the local Cubapetroleo, CUPET, corporation continue exploration in 30 other wells ...

Repsol drilled an offshore well in Cuba in 2004 and said it found oil, but that it was ”non-commercial.” The US Geological Survey has estimated Cuba has about five billion barrels of oil offshore.

TASS/. Cuba wants to increase the supply of oil and oil products from Russia, but it is a matter of financing, Russian Energy Minister Alexander Novak told reporters. "Cuba really wants more ...