Saturday, February 24, 2018

Cuba welcomes help in oil and gas industries

Cuba is welcoming any company willing to assist with the country's oil and gas industry.

Guillermo Hernandez Perez, exploration director of Cuba Petroleo (CUPET), Cuba's state-owned oil company said even the United States, with whom Cuba does not have the best of relations, was welcome.

He was speaking with reporters on Wednesday after an Energy Chamber Luncheon themed "Business Opportunties in Cuba's Oil and Gas Industry".

It was held at Cara Suites in Claxton Bay.

Hernandez Perez said, "Why don't the Americans come to Cuba? Why are they are not coming, I don't know maybe it's the government of the USA just does not allow them to come."

He said no one has yet indicated an interest in Cuba.

"They cannot even talk to us but it is open for all companies."

Hernandez Perez is visiting the country for four days. He plans to meet with the Minister of Energy Kevin Ramnarine, Minister of Foreign Affiars Dr Surujrattan Rambachan and Trade and Industry Minister Stephen Cadiz.

He leaves Trinidad today.

Hernandez Perez said Cuba produces 50 per cent of its own oil with 50,000 barrels being produced per day.

Hernandez Perez said many companies have invested in Cuba and were successful.