China boosts investment in Cuba with "advanced technologies" for oil extraction

The Government of China will install in Cuba "powerful equipment" and "advanced technologies" to boost the oil industry on the island, as part of a Cuban strategy to give the green light to foreign investment in the extraction of this resource

According to the official website of the newspaper CubaTv the new Chinese machines will be transported to Cuba by the oil company for Cuba and the Americas " Great Wall ", led by engineer Kong Xiang Zhong

. The highest authorities of the Caribbean nation, said the note, seek to stimulate today the extraction of oil in marine and terrestrial waters, taking into account that this resource has a positive impact on the development of industry and other branches.

In correspondence with this goal, the island promotes foreign investment in this sector, "one of the most strategic of the country and engaged in a program of intense reorganization in favor of the world. ;efficiency".

The adviser of the Ministry of Energy and Mines, Manuel Marrero Faz, claimed that the new block is perhaps the most perspective in the land of Cuba because it is very close to Varadero, the largest deposit in production that the nation has.

C & # 39; is "Varadero Oeste 1008", north of Matanzas; a project involving the same Chinese company whose success depends on the sustainability of the island's energy sector.

In fact, according to state television, about 60% of electric power production The largest of the West Indies is obtained with crude oil and gas extracted in the country.

This sea-oriented well, in the vicinity of the town of Matanzas, began drilling in the last days of December 2016, with the aim of reaching areas that have not been explored by d & # 39; 39, other pumps.