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CUPET oil refinery near Havana CUPET crude oil tanks near Havana, 2014. The Cuba Oil Union (Spanish: Unión Cuba-Petróleo) or CUPET is Cuba's largest oil company. It is owned and operated by the Cuban national government. The company is involved in the extraction of petroleum deposits as well as the refining and distributing of petroleum products.
Cuba has three producing offshore oil fields within 5 km of its north coast. [2] A 2004 partnership between Spanish oil company Repsol-YPF and Cuba's state oil company Cupet estimated Cuba's off-shore reserves to be able to ultimately produce between 4.6 and 9.3 billion barrels of crude oil. [3]
Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by the company, and often reported by neutral, unbiased, reliable publications. Reported data may be subsequently revised or restated due to a wide range of issues such as exchange rates, contract settlements, or mid-year ...
Billionaire Warren Buffett's company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25% of the oil producer. A new filing with the Securities and ...
On 3 March 1959, Fidel Castro seized control of the Cuban Telephone Company, which was a subsidiary of the International Telephone and Telecommunications Corporation. This was the first of many nationalizations made by the new government; the assets seized totaled US$9 billion.
Google Maps has already adjusted the name of the gulf for American users. The name of the gulf is now the “Gulf of America” on the app. Apple Maps has done the same. The Trump White House is ...
Oil exploration in 2005 by the US Geological Survey revealed that the North Cuba Basin could produce about 4.6 billion barrels (730,000,000 m 3) to 9.3 billion barrels (1.48 × 10 9 m 3) of oil. In 2006, Cuba started to test-drill these locations for possible exploitation.
ExxonMobil is mostly composed of the Standard Oil Company of New Jersey (Jersey Standard) and the Standard Oil Company of New York (Socony). The two companies partnered on a semi-frequent basis during their infancy before pursuing mergers and acquisitions, with Jersey Standard buying Texas-based Humble Oil and Socony merging with Standard descendant Vacuum Oil to form Socony-Vacuum. [3]