Reprinted from Caribbean Net News
caribbeannetnews.com
HAVANA, Cuba (UPI): Cuba announced Monday the signing of a shared production contract with the Chinese company SINOPEC to develop potential oil fields off the island's coast.
Cuban energy officials said the agreement was signed Sunday during a ceremony attended by the Cuba's Basic Industry Minister Yadira García and the Chinese ambassador to Cuba, Li Lianfu.
"The contract confirms the ascendant political and trade relations between the two countries," according to a statement that ran in the Cuban daily Granma.
SINOPEC is one of the largest oil companies in the world.
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