Web users in Montenegro urge sanctions against US for incident with PMWorld May 26, 18:26
Kremlin suspects Trump played 'Russia threat' card to make NATO allies cough up 'dues'Russian Politics & Diplomacy May 26, 18:15
This week in photos: Trump with Pope, St Nicholas relics in Moscow and Zuckerberg's degreeSociety & Culture May 26, 17:45
Bolshoi Theater vows to put on at least 10 new shows next seasonSociety & Culture May 26, 17:34
First out of four IS members detained in Moscow arrested for 2 monthsSociety & Culture May 26, 17:17
Putin says attackers, masterminds of terror attack in Egypt must not go unpunishedRussian Politics & Diplomacy May 26, 17:13
Russian oil and gas companies may use Ka-62 helicopter for Arctic projectsBusiness & Economy May 26, 17:05
Russia may increase spending on military bases abroadMilitary & Defense May 26, 16:45
Lavrov praises Eurasian integration projectsBusiness & Economy May 26, 16:40
NEW YORK, September 28. /TASS/. Rosneft is exploring the possibility of entering the Cuban market, according to the documents of the Kremlin press-service for the visit of the Russian President Vladimir Putin to New York to attend the UN General Assembly session. The President is planning to hold a meeting with the President of the Council of and the Council of Ministers of Cuba Raul Castro.
The documents also note that countries are developing applied cooperation in the field of oil exploration and production. Thus, Zarubezhneft is implementing a project to increase the oil production rate and using enhanced oil recovery at Boca de Jaruco oil field.
In addition, joint project of Inter RAO and Union Electrica on modernization of thermal power plant in the cities of Mariel and Santa Cruz del Norte is in the development stage. The deliveries of the Russian power equipment to Cuba are in progress.
At the St. Petersburg Economic Forum in 2014 Russia’s oil majors Rosneft and Zarubezhneft and Cuba’s state oil company CubaPetroleo have agreed to work together at block 37 on Cuba’s shelf.
On May 24, 2014, the three companies, which took part in the St. Petersburg Economic Forum, signed a memorandum of understanding on block 37 of the Cuban shelf. The document was then signed by Zarubezhneft and Rosneft CEOs, Sergei Kudryashov and Igor Sechin respectively, and Cupet Director General Juan Torres Naranjo. The memorandum outlined key areas of joint prospecting works at block 37. In case, the block is proved to have good hydrocarbon potential, a working group of Rosneft and Zarubezhneft are to prepare a draft plan of joint implementation of the project.
Block 37 is located on the Cuban shelf in the vicinity of the coast. It’s area is about 1,500 square kilometers. The sea depth ranges from 500 to 1,600 metres.