Russia's Rosneft Mulls Development of Cuban Oil Fields

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Rosneft, one of Russia's largest energy companies, has revealed that it is considering entering the Cuban market.

Rosneft - Sputnik International
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NEW YORK (Sputnik) Russian energy giant Rosneft is exploring the possibility of entering the Cuban market, according to a briefing compiled by the company.

"Rosneft is studying the possibility of entering the Cuban market," the company said in a document prepared for the visit of Russian President Vladimir Putin to the 70th session of the United Nations General Assembly in New York.

In 2014, Rosneft and Cuba’s CUPET signed a deal on cooperation in enhancing oil recovery from mature fields.

According to the agreement, the two companies would jointly work on a comprehensive study of the conditions for developing and operating oil fields and wells in Cuba to determine the feasibility of producing oil, among other issues.

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