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Russia Considers Building Oil Refinery In Cuba
Authored by Charles Kennedy via OilPrice.com,
Russia and Cuba have discussed the idea of building an oil refinery in Cuba with the help of Russian companies, the deputy speaker of the Russian parliament was quoted as saying.
During a visit of Russian lawmakers to Cuba in recent days, the idea of a refinery construction has been discussed, Russia's TASS news agency quoted deputy speaker Alexander Babakov as saying.
“The biggest Russian state companies could be working here,” the lawmaker said.
“Cuba has crude oil: it is logical not to import oil products but to produce them here,” TASS quoted Babakov as saying.
Russia and Cuba have held close ties since the 1950s when the Latin American country and the Soviet Union expanded ties as fellow communist states.
Cuba's key crude oil supplier is nearby Venezuela.
However, shipments have dropped in recent years, also due to Venezuela's crumbling oil industry and the U.S. sanctions against C...