Russia to explore Cuban oil, lends $150 million
July 30th, 2009 - 1:23 pm ICT by IANS ( Leave a comment )Havana, July 30 (Xinhua) Russia has provided a $150-million loan to Cuba and signed pacts with the Caribbean nation for oil exploration in the Gulf of Mexico, a media report said.
The money will be provided in instalments over two years, the Itar-Tass news agency reported.
The agreements signed between Cuba’s state-owned firm Cubapetroleo and Russia’s Zarubezhneft company will allow the firms to jointly explore crude oil off the coast of Cuba.
Russian Vice President Igor Sechin and Cuban Vice President Ricardo Cabrisas participated in the signing ceremony.
A Russian business delegation headed by Igor Sechin arrived in Havana Tuesday and is expected to visit Venezuela and Nicaragua after meeting the Cuban leaders.
- Russia to prospect for oil in Cuba - Nov 05, 2009
- Ahmadinejad visits Cuba - Jan 12, 2012
- Israel, Russia sign space cooperation agreement - Mar 27, 2011
- Russia helicopter crash kills three - Jul 25, 2011
- Chavez returns to Cuba for treatment - Jul 18, 2011
- Cuba, Russia reiterate strategic nature of their ties - Feb 12, 2010
- Venezuela, Cuba sign oil exploration treaty - Apr 23, 2010
- Russia launches military communication satellite - May 05, 2011
- Russian man goes on stabbing spree in Moscow - Dec 10, 2011
- Russian army general visits Cuba - Sep 16, 2009
- Cuba estimates 2011 oil, gas output at four mn tonnes - Dec 22, 2011
- ExxonMobil and Rosneft sign deal for joint development of Arctic and Black Sea resources - Aug 31, 2011
- Undersea fiber-optic cable reaches Cuba - Feb 10, 2011
- Russian defense minister visits disputed islands - Feb 04, 2011
- Radiation detected in Japanese cars imported in Russia - Apr 12, 2011
Tags: business delegation, caribbean nation, crude oil, cuba, gulf of mexico, havana, instalments, itar tass news, itar tass news agency, nicaragua, oil exploration, pacts, russia, russian business, signing ceremony, tass news agency, venezuela, vice president, xinhua, zarubezhneft
