MOSCOW (Sputnik) — Russian oil giant Rosneft plans to develop cooperation with Cuba on expansion of oil supplies, production and upgrade of the Cienfuegos refinery, the company said on Saturday.
Rosneft CEO Igor Sechin held a working meeting with Cuban Minister of Energy and Mines, Alfredo Lopez, and Cuban Ambassador to Russia, Emilio Lozada Garcia earlier in the day.
"During the meeting, the parties discussed the expansion of the volume of supplies, joint production projects, as well as the prospects for cooperation in the modernization of the Cuban oil refinery Cienfuegos," Rosneft said in a statement.
In the beginning of 2017, media reported citing a letter of the Russian deputy economy minister to the cabinet that Moscow is considering a possibility of increasing supplies of Russian oil and oil products to Cuba.
According to the Russia's Federal Customs Service, Russia supplied 17,100 tons of oil products to Cuba in 2010-2015, with total cost of $11.3 million. In January – November 2016, some 3,100 tons of oil products costing $740,000 were exported to Cuba.