World Oil and Gas Conference Starts in Havana

World Oil and Gas Conference Starts in HavanaHAVANA, Sep 27 (PL) An international conference on Oil and Gas started here today with the participation of 250 experts from America, Europe and other continents to promote exchange of experiences and make business contacts.

According to the firm Global Event Partners -organizer of the forum that has as host the Union CubaPetroleo (Cupet), it will be a magnificent opportunity for foreign investors to be informed about the Cuban petroleum and gas industry, as well as of opportunities offered to foreign capital for the development of the sector.

Cuba Energy, Oil & Gas, is to extend until next Friday, the 29th, is an event full of information, attended by experts and some leaders of petroleum and gas of the public and private sectors, interested in benefitting from opportunities to do business in this island.

According to the program, the opening ceremony will have a speech by director general of Global Event Partners, Paul Gilbert, a message of the Ministry of Energy in Cuba, opening words of Cupet’s deputy director, Roberto Suarez and the Ambassador of the United Kingdom in Cuba, Antony Stokes.

The advantages of Cuba and what makes the island an attractive business partner will be approached by the director of the Center for Promotiobn of Foreign Trade and Investment (Procuba), Roberto Verrier.

The regulatory and financial framework of this sector will be a lecture by the manager of Exploration abnd Commercial Production of Cupet S.S., Juan Andres Barrizonte and another lecture by the head ofg the Exploration Group of Cupet, Osvaldo Lopez Corzo.

The event has also the sponsorship of over a dozen companies and institutions, among them BGP International, CPNC, Greatwall Drilling Company, Sherritt International and National Gas Company of Trinidad Tobago, Repsol Latitude Energy, Coco Mexico and Perfection Services Ltd.

The conference is held at the Melia Cohiba Hotel and includes a tour on Friday to the Cupet facilities in Matanzas, some 180 kilometers from Havana.

This meeting has as precedent an oil summit held on February this year to promote investments in the sector and more recently the 6th Oil and Gas Congress (Petrogas 2017).

Cuba produces some four million tons of oil per year (about 25 million barrels) and no less than 1.1 billion cubic meters of gas.