OIL

The two-day meeting will be an opportunity for all potential investors and companies with an interest in Cuba»

Previously, PDVSA contracts with its customers allowed oil payments to be made 30, 60 or 90 days after delivery »

The new offices will be opened in Cuiaba and Campo Grande (Brazil), Asuncion (Paraguay), and Salta and Cordoba (Argentina)»

The Cuba Oil & Gas 2017 Summit held in Havana for two days highlighted the growing interest of foreign companies in investing in oil exploration in Cuba, according to experts»

The Sergio Soto oil refinery located in the central Cuban province of Sancti Spiritus refined this year over 72.200 tons of national crude for the highest production ever, the plant’s director general, Lester A. Alemán, pointed out. The previous production accomplishment was in 2014 when the refinery processed 50.500 tons of oil; therefore, this year’s output increase was significant, Alemán »

Venezuelan President Nicolas Maduro said this Wednesday that he will travel to the main oil-producing countries to boost consensus in order to stabilize crude prices in the world market»

Minister of Oil and Mining, Eulogio del Pino, confirmed that Venezuela backs the consensus reached by OPEC to freeze crude production and recover the value of that resource in the world market»

The Minister of Oil and Mining of Venezuela, Asdrubal Chavez, said that the country expects to produce about six million barrels a day in 2019.»

Russian President Vladimir Putin attended the signing of two cooperation agreements between Russian Rosneft and Zarubezhnetf oil corporations and Cuban Cupet oil company.»

President Raul Castro met with the president of Rosneft Oil Company, Igor Sechin, who was leading a delegation from the Russian Federation on a working visit to the island, the local press reported today.»