Oil production
contract with
Chinese enterprise
THE national Cubapetróleo company and SINOPEC of
China have signed a joint production contract for
one of the island’s potential oil regions, announced
the ministry of basic industry in a press release
dated January 30.
SINOPEC is one of the 10 largest oil companies in
the world and possesses highly specialized and state-of-the-art
technology.
Present at the signing were the ambassador for
the People’s Republic of China in Havana and Cuban
Basic Industry Minister Yadira García, and Ricardo
Cabrisas, government minister, stated the note
reproduced in Granma daily.
"The signed contract confirms the increasing
political and trade relations between the two
countries," concluded the communiqué.
