Cupet
Encyclopedia
Cupet is Cuba
's state oil company. The company is involved in the extraction of petroleum
deposits, refining, and distributing petroleum products. In conjunction with the conglomerate Cimex, it operates a chain of filling stations selling gasoline in convertible pesos.
The extraction is based in Cuba's northern region of Havana Province (Provincia de la Habana). Cupet jointly produce oil on the island having agreements with the People's Republic of China
, Spanish oil company Repsol and Canada
's Sherritt International
, amongst others.
Cuba produces around 80000 oilbbl/d of heavy crude oil. Various companies have explored for oil in Cuba over the last 15 years with the only new discoveries along the northwest heavy oil belt, an 80 mile (128 km) stretch of coast in La Habana and Matanzas
provinces. Cuba consumes about 150000 oilbbl/d, of which 53000 oilbbl/d of oil and oil products are imported from Venezuela
on generous financing terms under a wide-ranging cooperation accord.
Cuba
The Republic of Cuba is an island nation in the Caribbean. The nation of Cuba consists of the main island of Cuba, the Isla de la Juventud, and several archipelagos. Havana is the largest city in Cuba and the country's capital. Santiago de Cuba is the second largest city...
's state oil company. The company is involved in the extraction of petroleum
Extraction of petroleum
The extraction of petroleum is the process by which usable petroleum is extracted and removed from the earth.-Locating the oil field:Geologists use seismic surveys to search for geological structures that may form oil reservoirs...
deposits, refining, and distributing petroleum products. In conjunction with the conglomerate Cimex, it operates a chain of filling stations selling gasoline in convertible pesos.
The extraction is based in Cuba's northern region of Havana Province (Provincia de la Habana). Cupet jointly produce oil on the island having agreements with the People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
, Spanish oil company Repsol and Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
's Sherritt International
Sherritt International
Sherritt International is a Canadian energy company, based in Toronto, Ontario. It is involved in nickel and cobalt mining, thermal coal production, oil and gas exploration and production, and electricity generation...
, amongst others.
Cuba produces around 80000 oilbbl/d of heavy crude oil. Various companies have explored for oil in Cuba over the last 15 years with the only new discoveries along the northwest heavy oil belt, an 80 mile (128 km) stretch of coast in La Habana and Matanzas
Matanzas
Matanzas is the capital of the Cuban province of Matanzas. It is famed for its poets, culture, and Afro-Cuban folklore.It is located on the northern shore of the island of Cuba, on the Bay of Matanzas , east of the capital Havana and west of the resort town of Varadero.Matanzas is called the...
provinces. Cuba consumes about 150000 oilbbl/d, of which 53000 oilbbl/d of oil and oil products are imported from Venezuela
Venezuela
Venezuela , officially called the Bolivarian Republic of Venezuela , is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south...
on generous financing terms under a wide-ranging cooperation accord.