Monday September 18, 2006

Oil in Cuba? Chavez says Fidel is OPEC-Bound

peakoil.com -> turkishpress.com :

Cuba, which for decades has struggled with crippling energy crises, has black gold and could be OPEC-bound, Venezuela's President Hugo Chavez said with a smile. "Fidel is headed for OPEC ... I hope it will be the case," Chavez joked at a meeting of developing countries in Havana. If Cuba were to achieve energy independence, the Cinderella-story shift could flip regional geopolitics upside down, potentially turning Castro's cash-strapped, oil import-dependent regime into a crude exporter able to fund itself well into the future.

The Gulf's waters are divided into economic exclusion zones of the United States, Mexico and Cuba. Recent deep-water studies have been promising. India's state-run oil company has signed a deal with Cuba for oil exploration in the Gulf of Mexico. Officials of the state-run Cuba Petroleos (CUPET) say a total of six companies have signed exploration deals for 16 blocs in the Gulf of Mexico.

See also :

1. US cut off from Cuba's oil rush

(2006-09-18 12:57:28 SGT) [Energy] Permalink

Most popular blog postings on lowem.log :

1. Singapore MRT rail network length to double by 2020
2. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
3. Live spot gold price quotes chart on COMEX
4. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
5. AVG Anti-Virus Free Edition 2011 direct download link
6. Real-time live gold and silver price quotes chart on COMEX
7. Singapore electric vehicles : Government agencies EMA and LTA to study EV introduction
8. Book review : Shut Down by William Flynn

Featured articles on lowem.log :

1. Book review : Shut Down by William Flynn
2. Singapore electric cars testing starts with 9 electric vehicles
3. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
4. 2010 Honda Civic Hybrid preliminary specifications released
5. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
6. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore : Nuclear power not ruled out