Sechin Lands Oil Pact With Cuba
- By Unknown
- Jul. 30 2009 00:00
The credit will give Cuba more time to pay for Russian equipment shipped to areas most affected by three hurricanes that caused more than $10 billion in damage last summer.
Deputy Prime Minister Igor Sechin signed the agreement, according to the state-owned AIN news agency. Russian media reported that Sechin met with Cuban President Raul Castro, but Cuba’s press did not mention a meeting.
The four accords with oil monopoly Cubapetroleo will let Russian concern Zarubezhneft explore for crude in deep waters off Cuba’s coast, though details were sparse.