Russia may look for oil off island
Russian oil companies could soon begin searching for oil in deep Gulf of Mexico waters off Cuba, a top diplomat said, days before Russian President Dmitry Medvedev visits the island.
Mijail Kamynin, Russia’s ambassador to Cuba, also told the state-run business magazine Opciones that Russian companies would like to help build storage tanks and modernize pipelines.
Washington’s embargo prohibits U.S. companies from investing. But Cuba’s state-run oil concern has signed agreements with companies from several countries to explore waters that Cuban scientists say could contain up to 20 billion barrels of oil.
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