CUBA'S OIL CRISIS SPELLS TROUBLE FOR CASTRO, OPPORTUNITY FOR FOREIGN PETROLEUM INVESTMENT

Cuba's oil crisis presents long term woes for the government of Fidel Castro but new opportunities for foreign petroleum investment. That's the main thesis of a study by East-West Center (EWC), Honolulu. Since the cutoff of subsidized oil supplies from the former Soviet Union at the first of the year, Cuba has endured a crippling loss of export revenues and draconian energy rationing measures at home (OGJ, Jan. 13, p. 18).

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