31.12.2004, 15:32
Castro Announces New Oil Find
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Zitat:HAVANA (Reuters) - An oil deposit with an estimated 100-million-barrel reserve has been discovered off Cuba's coast by Canadian companies Sherritt International Corp. (...)
We have a new oil discovery ... the first since 1999," Castro said during a closed-door speech to parliament deputies, parts of which were carried on Saturday by official media.
"The oil has a density of 18 API ... and contains less than 5 percent sulfur," he said on Friday, pointing out it was of better quality than the heavy crude associated with the area, which averages 16 API and 8 percent sulfur.
Cuban oil production was 26 million barrels (71,300 bpd) in 2003 and 653 million cubic meters of gas, the government said, with oil output down slightly in 2004. (...)