Monday, December 19, 2005

Top Cuban Energy Official Invites U.S. Executives to Meet in Mexico


WASHINGTON, Dec. 19 /PRNewswire/ -- In a letter to U.S. energy company
executives, Fidel Rivero Prieto, President of Cuba Petroleo, told his counterparts from the U.S. energy sector that Cuba " ... would be very pleased to do business together ... " and invited them to meet with him and his Cuban colleagues at the U.S.-Cuba Energy Summit scheduled for February 2-4, 2006, in Mexico City.

Citing the need for " ... investments by additional foreign companies," Rivero wrote that the meeting in Mexico " ... will permit us to provide the information that is most useful to your company ... and we will have the opportunity to learn about your products and services. In this way," Rivero wrote, "both of us will be prepared to discuss real business opportunities as soon as that is possible."

This historic U.S.-Cuba Energy Summit is being organized by Alamar Associates (http://www.alamarcuba.com) which has organized five previous Cancun Business Summits which have brought more than 500 U.S. executives together with their Cuban counterparts.

The Energy Summit is being sponsored by the U.S.-Cuba Trade Association
(http://www.uscuba.org) along with Caterpillar, Port of Corpus Christi, Louisiana Department of Economic Development, Valero Energy Corporation, Lafayette Economic Development Authority, National Foreign Trade Council, and USA*Engage.

The Summit, which had been originally scheduled for Cancun in December, was changed due to the hurricane damage and now will be held at the Sheraton Maria Isabel Hotel in Mexico City, February 2-4, 2006.

"With Spain, China, Canada, Norway, and India signing agreements to explore in Cuban waters less than 100 miles from our shores in the Gulf, it is time for U.S. firms to understand what is going on and what the future business potential might be," said Kirby Jones, President of the U.S.-Cuba Trade Association, "and this event offers U.S. executives the opportunity to do just that face-to-face with their Cuban counterparts."

Cuba will send to the Summit in Mexico a high level delegation led by Fidel Rivero Prieto, President of CubaPetroleo, and will include officials and specialists from the Cuban Ministry of Basic Industries, Union Electrica, and Ministries of Foreign Trade, Foreign Investment, and Foreign Relations.

"I am looking forward to meeting one-on-one with this distinguished group of Cuban officials and specialists to discuss the real business potential for Southwestern United States. Cuba with its recent discoveries offers our business community another option for oil and gas exploration and discovery," said Ruben Bonilla, Chairman of the Port Authority of Corpus Christi.

The Summit agenda will include presentations and Q & A sessions with all the Cuban specialists; each company will have a private one-on-one meeting arranged with Cuban counterparts; experts will discuss the current laws and prospects for change; and presentations will be made by energy companies already doing business in Cuba.

"Nobody wants to be left out and the potential of business in this new market for Louisiana companies is significant. This meeting will allow companies from our state to meet Cuban counterparts and get in on the ground floor," said Mike Olivier, Secretary of the Louisiana Department of Economic Development.

The full text of the letter and complete information about the U.S.-Cuba Energy Summit can be found on its web site at http://www.uscubasummit.org.

PRESS ADVISORY: All plenary sessions are open to the media. For press
interested in covering this event, please contact Alamar Associates at 202/
530-5234 for details.

CONTACT: Kirby Jones of Alamar Associates, +1-202-530-5234



SOURCE Alamar Associates

Web Site: http://www.alamarcuba.com http://www.uscuba.org

http://www.uscubasummit.org


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