Friday, January 23, 2009

Russia to help Cuba with oil projects

January 23, 2009 - 4:20 p.m.

MOSCOW (AP) — Leading Russian oil companies pledged to help Cubapetroleo with prospecting, production, refining and other aspects of the oil industry under an agreement signed in Moscow on Friday before Cuban President Raul Castro's visit next week, Russian news agencies reported.

The memorandum of understanding calls for cooperation on activities "from geological work to drilling, refining and sales" of oil, ITAR-Tass and Interfax quoted Deputy Prime Minister Igor Sechin, a point man for the economic side of Russia's renewed push for influence in Latin America.

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