CUBA: CUBA FORESEES INCREASE IN OIL PRODUCTION.

IPR Strategic Business Information Database, March, 2009

According to Cuban News Agency: The identification of new reserves of Heavy Crudes off the north Matanzas coast, is expected to bring an increase in oil production in Cuba, said Cuban expert at the opening of a national congress on oil being held in Havana. Speaking today at the 2nd Cuban Congress on Oil, Manuel Marrero Faz, member of the Cuban Society of Geology said experts on the island are using state-of-the-art technology for the search, exploration and production.

New discoveries of oil reserves have been made, while Cuba is gradually increasing the collection centers and water decanter tanks inland as well as oil transporattion to the processing centers, said the official.Marrero said the main deposits are located in the western region of the island,...

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