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Country Review 2001

Chapter I: Country Overview
Key Data
Locked Regional Map
Locked Country Map
Maps are .PDF files and require Adobe Reader - Download Adobe Reader Here
 
Chapter II: Political Overview
People
History
Locked Government
Locked Political Conditions
Locked Principal Government Officials
Locked Government Organization
Locked Foreign Relations
Locked Defense Forces
Locked Leader Biography/Photo
 
Chapter III: Economic Overview
Economic Conditions
Locked Macroeconomic Activity
Locked Macroeconomic Activity Data Tables
Key Sectors
Locked Key Sector Data Tables
Locked Appendix A: Global Rankings
Locked Appendix B: Global Economic Snapshot
 
Chapter IV: Corporate/Enterprise Sector
Locked Investment Overview
Locked Taxation
Locked Key Enterprises
Locked Stock Market
 
Chapter V: Environmental Trends
Environmental Issues
Pollution Trends
Locked Appendix A: Global Environmental Snapshot
Locked Appendix B: Global Environmental Concepts
Locked Appendix C: International Environmental Agreements and Associations
 
Appendices
Locked Appendix A: Abbreviations
Locked Appendix B: Source Materials
Locked Appendix C: Human Development Index
Locked Appendix D: Alphabetical List of Countries

Country Wire
Locked News Archive/Search Engine
Locked WorldWire Archive/Search Engine

Subscriptions
Country Review/Wire Books
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Click Flag for a Larger Image
 
Energy

Cuba is a net energy importer, mainly of oil. In 1998 Cuba imported an estimated 141,000 bpd of oil. Cuba currently produces an estimated 31,000 bpd of oil. There are also small amounts of domestic natural gas and hydroelectric power produced. In 1998, installed electric capacity was 4,325 MW. Oil-fueled thermal plants are the principal source of electric power.

In the summer of 1999, Cuba offered 59 deep water offshore blocks for oil exploration in an effort to attract international oil companies to the country. The country currently has 19 deposits in production, and overall production has increased dramatically in the last eight years. About six foreign companies (mostly Canadian) are already active in Cuba, and in January 2000 Cuba was reportedly soliciting investments from Dutch, British, Italian, Norwegian, French and Spanish companies. The United States maintains an economic embargo against Cuba, and oil companies from other countries may be subject to U.S. sanctions under the Helms-Burton Act of 1996.

Cuba has sought to boost its oil production in response to severe energy shortages since the collapse of the Soviet Union, which put an end to barter arrangements under which Cuba had access to relatively inexpensive oil supplies. Cuban oil production comes mainly from fields discovered in the 1960s and 1970s, when state oil company Cubapetroleo (Cupet) conducted limited exploration. Refineries process imported crude oil mainly from Venezuela and Mexico. Some oil is imported under an oil-for-sugar arrangement with Russia. Most domestic production consists of heavy oil whose sulfur content is so high that it can only be used for converted power and cement plants. The Cuban government estimates that oil production in early 1999 increased by 23% over the same period in 1998. About two-thirds of total domestic consumption comes from imported oil.

Cuba
Key Sectors
Energy: Production and Consumption of Primary Energy
(Quads)

  

1994

1995

1996

1997

1998E

Coal

Production

0.0000

0.0000

0.0000

0.0000

0.0000

Consumption

0.0053

0.0052

0.0053

0.0055

0.0056

Net Exports

-0.0053

-0.0052

-0.0053

-0.0055

-0.0056

Hydro

Production

0.0011

0.0011

0.0012

0.0012

0.0013

Consumption

0.0011

0.0011

0.0012

0.0012

0.0013

Net Exports

0.0000

0.0000

0.0000

0.0000

0.0000

Natural Gas

Production

0.0013

0.0015

0.0016

0.0016

0.0016

Consumption

0.0013

0.0015

0.0016

0.0016

0.0016

Net Exports

0.0000

0.0000

0.0000

0.0000

0.0000

Nuclear

Production

0.0000

0.0000

0.0000

0.0000

0.0000

Consumption

0.0000

0.0000

0.0000

0.0000

0.0000

Net Exports

0.0000

0.0000

0.0000

0.0000

0.0000

Petroleum

Production

0.0564

0.0607

0.0702

0.0707

0.0779

Consumption

0.3965

0.4059

0.4155

0.4276

0.4323

Net Exports

-0.3401

-0.3452

-0.3453

-0.3569

-0.3544

Renewables

Production

0.0000

0.0000

0.0000

0.0000

0.0000

Consumption

0.0000

0.0000

0.0000

0.0000

0.0000

Net Exports

0.0000

0.0000

0.0000

0.0000

0.0000

Sources:

US Department of Energy
BP Statistical Review of World Energy
1997 are CountryWatch Estimates Based on DOE, BP Data


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