China could play a very important and strategic future role in Cuba’s energy sector.According to a recent Reuters report, Chinese engineering and construction companies, backed by Venezuelan-guaranteed loans,are to build the new Cienfuegos heavy oil refinery and associated industries such as liquefied natural gas and petrochemical plants. These projects signal China’s strategic interest in Cuba.">China could play a very important and strategic future role in Cuba’s energy sector.According to a recent Reuters report, Chinese engineering and construction companies, backed by Venezuelan-guaranteed loans,are to build the new Cienfuegos heavy oil refinery and associated industries such as liquefied natural gas and petrochemical plants. These projects signal China’s strategic interest in Cuba.">

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Piñón on Energy: China taking on strategic role in Cuba

China could play a very important and strategic future role in Cuba’s energy sector.According to a recent Reuters report, Chinese engineering and construction companies, backed by Venezuelan-guaranteed loans,are to build the new Cienfuegos heavy oil refinery and associated industries such as liquefied natural gas and petrochemical plants. These projects signal China’s strategic interest in Cuba.

This relationship would give China a privileged vantage point to identify the various options available in Cuba, particularly in the downstream oil refining sector. Longer term, China could prove to be a very reliable energy partner for Cuba. In a post embargo scenario, Chinese companies could take over Venezuela’s PdVSA equity participation in the Cienfuegos and Matanzas refinery projects.

Source: www.cubastandard.com/2010/11/24/

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