• Submitted by: Luis Manuel Mazorra
• Business and Economy
• 04 / 13 / 2012

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The development of new oil industry in Cuba and has an important place in the national economy, said in Havana Manuel Marrero Faz, expert from the Ministry of Mines and Energy.
Marrero Faz spoke Tuesday at a symposium on the hydrocarbon, corresponding to one of the 17 events of the XXXIII Convention of the Pan American Union of Engineering Associations (UPADI), which meets in the Palace of Conventions in Havana.
It is possible to substantially increase oil and gas production in the exclusive economic zone (EEZ) of Cuba in the Gulf of Mexico, said the specialist meeting, where directors also exposed Company Petroleos de Venezuela SA and others.
However, warned of the obstacles to achieving these objectives, including what he described as ruthless economic, financial and U.S. trade with Cuba, more than half a century.
However, the Union managed to recruit eight blocks Cubapetroleo onshore and offshore to foreign companies that carry out the exploration and production.
In the case of deep sea units, there are 27 and 37 conveniadas available in the region of the EEZ of 112 000 square kilometers and where there are stringent regulations to ensure safety and environmental protection, recommended by authorities international.
Marrero Faz said that from 2012 to 2013 will be drilled five exploration wells in the deep sea and one of them and began the process with the submersible platform Scarabeo 9, very modern and high level of security.
The deliberations at the meeting of UPADI be made until Friday, forum attended by representatives of the 27 partner nations, mostly in Latin America, Spain and other observer.
This quote is associated with the IX Construction Fair opened today in the grounds of fair Pabexpo.