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Cuba produces around 80,000 barrels per day (13,000 m/d) of heavy crude oil. Various companies have explored for oil in Cuba over the last 15 years with the only new discoveries along the northwest heavy oil belt, an 80-mile (128 km) stretch of coast in
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national borders. Along with sugar factories and mines, Cuba seized approximately $ 1.7 billion in U.S. oil assets. This nationalization of property resulted partially from U.S. President
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was established in Cuba. In total, Cuba nationalized roughly 6,000 American owned properties. The many individual oil and gas facilities were compacted into a single,
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provinces. Cuba consumes about 150,000 bbl/d (24,000 m/d), of which 53,000 bbl/d (8,400 m/d) of oil and oil products are imported from
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oil imports. Eisenhower ordered
American oil companies to refuse to refine Soviet oil and then the Cuban government
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191:'s largest oil company. It is owned and operated by the Cuban national government. The company is involved in the
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deposits as well as the refining and distributing of petroleum products. In conjunction with the conglomerate
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275:'s decision to cancel all oil exports to Cuba. Eisenhower's decision came in the wake of the
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485:"US Corps Claim Billions In Assets In Cuba And Now They'll Want It Back"
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state on the island. This forced the Cuban government to rely on
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generous financing terms under a wide-ranging cooperation accord.
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On August 6, 1960, the Cuban government, under
President
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The extraction is based in Cuba's northern region of
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Non-renewable resource companies established in 1960
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507:"The U.S. Trade Embargo on Cuba Just Hit 55 Years"
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172:CUPET crude oil tanks near Havana, 2014
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395:. Unión CubaPetróleo. Archived from
582:Cuban companies established in 1960
487:. talkingpointsmemo.com. 2014-12-22
567:Government-owned companies of Cuba
368:United States embargo against Cuba
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562:National oil and gas companies
463:"Cuba, you owe us $ 7 billion"
441:"1960 Dollars in 2016 Dollars"
419:"Cuba, you owe us $ 7 billion"
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557:Oil and gas companies of Cuba
16:State-run oil company in Cuba
291:the refineries as a result.
577:1960 establishments in Cuba
279:and its establishment of a
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465:. Boston Globe. 2014-04-18
421:. Boston Globe. 2014-04-18
214:, the Spanish oil company
212:People's Republic of China
373:List of companies of Cuba
363:Foreign relations of Cuba
294:Following the successful
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318:regime in October 1960.
261:Osvaldo Dorticós Torrado
161:CUPET oil refinery near
58:Cuban nationalization of
193:extraction of petroleum
443:. Inflation Calculator
224:Sherritt International
208:Provincia de la Habana
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78:; 64 years ago
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273:Dwight D. Eisenhower
312:Unión Cuba-Petróleo
263:and Prime Minister
181:Unión Cuba-Petróleo
133:24,000 (March 2016)
129:Number of employees
76:August 6, 1960
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393:"CUPET in Numbers"
308:The Cuba Oil Union
177:The Cuba Oil Union
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399:on March 23, 2016
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67:Shell Oil Company
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289:nationalized
265:Fidel Castro
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91:Headquarters
34:Company type
336:Cuba portal
244:Petrocaribe
103:Area served
54:Predecessor
48:Oil and gas
551:Categories
379:References
310:(Spanish:
179:(Spanish:
83:1960-08-06
403:March 23,
306:company,
281:communist
240:Venezuela
232:La Habana
519:April 5,
491:April 5,
469:April 5,
447:April 5,
425:April 5,
322:See also
236:Matanzas
122:refining
114:Products
44:Industry
250:History
138:Website
81: (
73:Founded
316:Castro
285:Soviet
269:Cuba's
220:Canada
216:Repsol
163:Havana
145:.cupet
97:, Cuba
95:Havana
63:Texaco
197:CIMEX
185:CUPET
183:) or
118:Fuels
38:State
521:2016
512:Time
493:2016
471:2016
449:2016
427:2016
405:2016
255:1960
234:and
218:and
189:Cuba
242:on
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187:is
149:/es
147:.cu
143:www
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