Russia and Cuba are exploring a major new project: building an oil refinery in Cuba with the help of Russian companies. This plan could turn Cuba into a key player in oil production, rather than relying on dwindling supplies from Venezuela. With Cuba struggling with severe fuel shortages and skyrocketing prices, the new refinery could be a game-changer. If the deal goes through, it could not only ease Cuba's energy crisis but also strengthen the long-standing ties between the two nations.
According to a comment from the deputy speaker of the Russian parliament, Russia and Cuba have discussed the possibility of constructing an oil refinery in Cuba with the assistance of Russian businesses.
Deputy Speaker Alexander Babakov was quoted by Russia's TASS news agency as saying that the concept of building a refinery has been discussed during a recent visit by Russian MPs to Cuba reports OilPrice.com.
“The biggest Russian state companies could be working here,” the lawm...
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