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September Tuesday

Cuban minister praises Russian oil investment in the country

HAVANA, Cuba, Sep 4 (ACN) The Cuban minister of foreign trade and foreign investment, Rodrigo Malmierca, praised Friday the progress of the project between the Union Cuba-Petroleo and the Russian company Zarubezhneft in Boca de Jaruco, in the western province of Mayabeque.

Malmierca expressed on Twitter this project successfully uses flow-mode well technology in oil production.

The flow in the extraction is 52 tons per day, said the minister, who highlighted how the foreign investment contributes with technology to the Cuban economy.
Malmierca's tweet joins a statement issued by the Zarubezhneft company, stating that in the last hours it successfully launched the first flow-mode well, with an initial rate of 52 tons per day in the reservoir, where in October 2019 the then Russian PM, Dmitri Medvedev, inaugurated the drilling work.

Since 2011, the efforts of Cuba-Petroleo and Zarubezhneft in Boca de Jaruco have resulted in successes in increasing Cuban production.

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