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Zarubezhneft to invest $3 billion into Cuba
12.07.2012 16:34
Zarubezhneft to invest $3 billion into Cuba

In the nearest 13 years the Russian state oil company JSC Zarubezhneft has an intention to invest $ 3 billion into oil and gas assets in Cuba, reports Interfax.

From 2009 the company’s total sum of investments into Cuba has made up $ 40 million.

In November 2012 Zarubezhneft will begin exploring in Block L of the Cuban zone in the Gulf of Mexico. This decision corresponds to the agreements signed in 2011 by both sides for the search and extraction of petroleum.

Author: Irina Fomina

Tags: Russian oil companies Zarubezhneft    

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