World

 

Brazil

Mexico

Bolivia

Peru

Trinidad &
Tobago

Venezuela


Brazil

Mexico

Bolivia

Peru

Trinidad &
Tobago

Venezuela








Very usefull links



Petroleumworld
Bookstore



Institutional
links


OPEC



 


Petroleumworld
Business Partners

 


IRAQ OIL THE FORUM


Blogspots
recomended

caracas chronicles

Gustavo Coronel

Iran Watch.org

Venezuela Today

Le Blog des
Energies Nouvelles

 

 

 


Cuba: US fears oil drilling , Mexico suggests talks

Reuters/ Claudia Daut

An oil pump is seen on the shore near Santa Cruz del Norte, Cuba June 5, 2008

WASHINGTON
Petroleumworld.com, Apr 15, 2011

A top U.S. official said on Thursday they were concerned about Cuba opening its offshore waters to oil drilling, while Mexico , which has a boundary dispute with the island nation, said the three countries should try to work out differences.

"For us it is an issue of concern," said U.S. Interior Secretary Ken Salazar about drilling in Cuban waters. "Obviously, because it's located 60 miles off the coast of Florida ... it's an issue that we're monitoring carefully."

In light of the BP Plc ( BP.L )( BP.N ) oil spill nearly a year ago, the U.S. is now worried that Cuba is unable to ensure its offshore drilling will be safe. Lax U.S. government oversight was faulted in the BP disaster.

Salazar spoke to reporters during a break at a day-long international conference sponsored by the U.S. Interior Department on best safety practices for drilling in deep waters.

Cuba was not among the dozen or so countries invited to the conference.

Cuba is eager to develop its oil resources in the Gulf of Mexico , which it estimates could total 20 billion barrels of crude. The United States pegs the total at a more modest 5 billion barrels.

Mario Budebo, an undersecretary at Mexico's Ministry of Energy, said his country had an offshore boundary dispute with Cuba and was less concerned about drilling safely in Cuban waters.

He said the three countries should "get together and have discussions" about Cuba's offshore drilling activities.

"That is still something that we have to deal with and put Cuba together (at) the table," said Budebo.

Salazar did not respond to Budebo's suggestion. When asked later if Salazar supported the idea, an Interior spokesperson referred the question to the U.S. State Department. The U.S. does not have full formal relations with Cuba.

But other Interior officials recently met with executives from Spanish oil giant Repsol YPF ( REP.MC ) about the company's plans to drill in Cuban waters.

Repsol, in a consortium with Norway's Statoil ( STL.OL ) and a unit of India's Oil and Natural Gas Corp, plans to start drilling offshore Cuba by the end of the summer.


Story by Tom Doggett from Reuters. Additional reporting by Jeff Franks in Havana; editing by Jeffrey Benkoe

Reuters / Thu Apr 14, 2011 3:57pm EDT

 

Follow us in Twitter

And post your comments in our Facebook site


Send this story to a friend


Copyright© 1999-2009 Petroleumworld or respective author or news agency. All rights reserved.

We welcome the use of Petroleumworld™ stories by anyone provided it mentions Petroleumworld.com as the source. Other stories you have to get authorization by its authors.

Internet web links to http://www.petroleumworld.com are appreciated

Petroleumworld welcomes your feedback and comments,
share your thoughts on this article, 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

By using this link, you agree to allow PW
to publish your comments on our letters page.

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

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7+/ 800x600 pixels


TOP

Contact: editor@petroleumworld.com/phone:(58 212) 635 7252, (58 412) 996 3730 or
(58  412) 952 5301

Editor:Elio C. Ohep A/Producer - Publisher:Elio Ohep /
Contact Email: editor@petroleumworld.com
CopyRight © 1999-2006, Elio Ohep - All Rights Reserved. Legal Information
- CCS office Tele
phone/Teléfonos Oficina: ( 58 212) 635 7252
PW in Top 100 Energy Sites

Technorati Profile

Fair use notice of copyrighted material:
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.