By Bruno De Nicola, Contributing Reporter
RIO DE JANEIRO - Brazil's state-owned oil company Petrobras has announced the opening of its first Cuban office, in the island nation's capital city, Havana. The Latin American petroleum giant will use its base to coordinate the efforts of a potential 600 square kilometer offshore oil drilling area in the country's waters in the Gulf of Mexico. According to their contract with Cupet, Cuba's state-run oil concern, Petrobras has until May 2010 to decide to drill.
In October 2008, President Lula met President Raul Castro in Havana to sign . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here