Cuba to Increase Oil Processing Capacity

Havana, Aug 7 (Prensa Latina) The vice president of Petroleos de Venezuela (PDVSA), Asdrubal Chavez, commented in this capital on the importance of investments in Cuba to increase the country”s oil processing capacity.

In statements to Cuban television, Chavez said that the company Cubapetroleo was set up to expand the Cienfuegos and the Hermanos Diaz refineries, the latter in Santiago de Cuba, and to design a new plant in Matanzas.

The Cienfuegos refinery, where expansion work is scheduled for completion in late 2014, “currently processes 65,000 barrels of oil and we expect to reach 150,000 barrels in the future,” the PDVSA vice president noted. He pointed out that Venezuela’s oil reserves are the largest in the world and they will strengthen Latin American and Caribbean integration.

“We want these reserves to translate into real benefits for peoples, to improve their quality of life, fight poverty, eradicate inequalities and complement their economies,” he said.

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