World

Bolivia

Venezuela

Trinidad
&
Caribbean

India's state-run oil company signs oil exploration deal with Cuba





AFP
HAVANA
Petroleumworld.com 09 12 06

India's state-run oil company Sunday signed a deal with Cuba for deep-water oil exploration in the Gulf of Mexico, company officials announced.

Under the deal, India's Oil and National Gas Corporation (ONGC) will explore blocs N-34 and N-35, which cover an area of 4,300 square kilometers (1,544 square miles) in Cuban waters.

ONGC already has a 30 percent interest in six other blocs in which Norway's Nosrk Hydro also has 30 percent interest and Spain's Repsol YPS 40 percent.

Officials of the state-run Cuba Petroleos (CUPET) say a total of six companies have signed exploration deals for 16 blocs in the Gulf of Mexico.

AFP 11 0005 GMT 09 06

Copyright ©2006 AFP. All Rights Reserved.

 

Send this story to a friend

Your feedback is important to us!

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

Any question or suggestions, please write to:
editor@petroleumworld.com

Best Viewed with IE 5.01+
Windows NT 4.0, '95, '98 and ME +/ 800x600 pixels

Contact:editor@petroleumworld.com/phones:(58 412) 996 3730 or 952 5301
www.petroleumworld.com-Editor:Elio Ohep /Publisher-Producer:Elio Ohep.
Contact Email: editor@petroleumworld.com
Legal Information. CopyRight © 2002, Elio Ohep.- All rights reserved

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.