Tuesday, January 10, 2006

Oil: Venezuela to keep oil sales to Cuba steady

Venezuela's oil minister Rafael Ramirez, has said that his country will keep oil sales to Cuba at around 90,000 barrels a day this year. In his statement, the minister said, "We expect to keep that level of sales unchanged given that Cuba is discovering more oil and that's a good thing."

Last year, Venezuela upped exports to the island to 90,000 b.p.d. from 53,000.