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Petrocaribe Investments in Cuba Advance
HAVANA, Cuba, Feb 9 (acn) Investments to expand oil refining capacities in Cuba advance with
the cooperation projects of regional integration boosted by Petrocaribe in the field of energy.
This initiative promotes the expansion of the refineries Hermanos Diaz, in Santiago de
Cuba, and Camilo Cienfuegos, in Cienfuegos.


Cuban News Agency

 


Works will include the execution –annexed- of an area of temporary facilities to support the project, which includes warehouses in the open or roof warehouses, a clinic to treat workers, and the administrative building of the contractor.


According to the Petrocaribe Web site, with these modernizations, the two Cuban entities will increase their capacity of crude oil refinement to 150,000 and 50,000 barrels a day, respectively.


Statements by Rafael Ramirez, president of Petroleos de Venezuela S.A. (PDVSA), published by the aforementioned portal, point out that the construction of another refinery to process 150,000 barrels of oil will also be built in Matanzas, which is part of the economic development program boosted by the Bolivarian Alliance for the Americas (ALBA).


With these new work plans, 570,000 barrels a day will be incorporated to the Latin American and Caribbean region, adds the portal.


At present, Petrocaribe guarantees over 45 percent of the energy safety of ALBA member nations.


The oil company was created in 2005 following a cooperation agreement in this field signed by 14 countries, during a meeting of Caribbean heads of state and government held in Puerto La Cruz, Venezuela.
 

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