Angolan state oil company wants to produce in Cuba for 2017
Ricardo Cabrisas Ruiz, vice president of the Council of Ministers of Cuba, said on Wednesday that Sonangol, Angola's state oil company, is interested in producing oil off the coast of the island between 2016 and 2017, if the US lifts restrictions, as reported by the Reuters news agency on Thursday.
Cabrisas, who is on a visit in Luanda, stressed the importance of continuing to fight "for the lifting of the trade embargo and financial constraints."
In recent years, a dozen foreign companies have explored the deep waters of the island without finding oil in marketable quantities. The Cuban government says its Exclusive Economic Zone in the Gulf of Mexico has a potential of 20,000 million barrels of oil, which are yet to be discovered.