In a move to prepare for possible oil drilling in Cuba, Brazil's state controlled energy giant Petrobras opened an office in Cuba, the company announced Thursday. As part of its exploratory stage, Petrobras is currently analyzing results of seismic surveys carried out within the block it acquired last October in the communist ruled country's waters of the Gulf of Mexico. According to the terms of its contract with Cupet, Cuba's state owned oil company, Petrobras has until May 2010 to decide whether to begin drilling.....Complete Story
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