Petrocaribe Finances Social Program in Jamaica

1 Kingston, Aug 28.- Venezuela as part of Petrocaribe finances in Jamaica an important program of subsidies, study scholarships and aid projects for communities which have begun to yield benefits, assured Monday an official source. In a forum organized by Jamaican daily The Gleaner, in its digital edition, Sharon Weber, manager of the Petrocaribe Development Fund, affirmed the beneficial traces

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Foreign Firms Prospect for Cuban Offshore Oil

0 Havana, Cuba, Aug 6.- Malaysian company PC GULF and Russia's GazpromNeft, linked to offshore oil prospecting, concluded the drilling of an exploratory well in northern Pinar del Rio province, sources from the sector reported today. According to a note issued today by Cubapetroleo, works reached 4,666 meters, in water depth of 2,258 meters and with the use of the

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Cuba Prioritizes Investments in Tourism, Oil, Mining and Energy

0 Havana, Dec 16. -Cuba prioritizes foreign investments in tourism, oil, mining and energy, as part of the government''s efforts to update the country''s economic model, the weekly Opciones reported.Priorities include promoting exports over imports on grounds of efficiency, reducing the external imbalance, fostering national industrial development and agribusiness, increasing the Gross Domestic Product (GDP) and exporting basic medical services,

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Petrocaribe: Millions of USD to Regional Energy Security

2 Managua, Oct 25. -Petrocaribe supplies 45 percent of energy needed by the 13 Caribbean countries beneficiaries of the agreement, the only of its kind in the world, said the head of state-owned company PDVSA and minister of Energy and Oil of Venezuela, Rafael Ramirez. Speaking at the opening session of the 7th meeting of the Ministerial Council of Petrocaribe,

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IEA to Release 60 Million Oil Barrels

2 Paris, Jun 24. -The International Energy Agency (IEA) will release 60 million barrels of oil from its strategic reserve in July to compensate for the interruption of Libyan exports, said CEO Nobuo Tanaka. Mr. Tanaka said the 28-member IEA agreed to contribute two million barrels daily over a 30-day period, enabling the council to measure the impact and adopt

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Fidel Castro’s Reflections: The NATO Plan Is to Occupy Libya

2 Oil has become the principal wealth in the hands of the great Yankee transnationals; through this energy source they had an instrument that considerably expanded their political power in the world. It was their main weapon when they decided to easily liquidate the Cuban Revolution as soon as the first just and sovereign laws were passed in our Homeland:

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Venezuela Has the World’s Largest Oil Reserves

0 Caracas, Feb 16. – Venezuela has the world's largest proven oil reserves, an achievement that crowns the policy of full oil sovereignty implemented by the government of President Hugo Chavez. It was officially announced on Tuesday that Venezuela has estimated reserves of 296.5 billion barrels of oil, corroborating what Energy and Oil Minister Rafael Ramirez had told reporters some

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Bahamas: Black Tide to Arrive Next Weekend

0 Nassau, May 27. -The Weather Department of Bahamas predicted the oil spilled in the Gulf of Mexico might arrive in the coasts of Bahamas this weekend, when a variation in the winds is expected. Bahaman official Michael Stubbs said the patterns point at a change of the direction of the air, against clockwise, which would push the crude oil

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Gulf Oil Spill Effects Awesome

3 Mexico, May 24. -Extensive damage to biodiversity and livelihood may be expected if the gushing oil slick in the Gulf of Mexico reaches Mexican coasts, says National Committee on the Study and Conservation of Biodiversity (CONABIO). Biologist Jose Sarukhan, coordinator of the National Committee on the Study and Conservation of Biodiversity (CONABIO) said the worst toll would be for

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Raul Castro Welcomes Venezuela Vice President

0 Havana, Apr 12 . -Cuban President Raul Castro welcomed Rafael Ramirez, Venezuelan vice president and minister of the People's Power energy and oil. The meeting Sunday developed in line with the excellent state of bilateral relations, Granma daily reported today. The conversation marked the end of two days of exchange between the visitor and Ricardo Cabrisas, vice president of the

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