Articles of oil

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Cuba Signs Agreement With OPEC Fund


Cuba and the OPEC Fund for International Development (OFID) signed an agreement today, through which the organization will contribute to the financing of the Solar Energy Development Project in that country. The Chargé d’affaire of Cuba in Austria, Marieta García Jordán, and the general director of that entity, Suleiman Jasir Al-Herbish, signed the document.

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Production of crude oil reaches 1 million tons in western Cuba

Cuba petroleo

Cuba’s Western Oil Drilling and Extraction Enterprise reached 1 million tons of crude oil thus far this year, a result of investments undertaken and the use of new technology. The goal is now to reach the remaining 30,000 ton target by the end of December, as outlined in the company’s technical economic plan. Meeting this objective will see the company celebrate 16 consecutive years producing over 1 million metric tons of crude oil.

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Financial Heist of the Century: Confiscating Libya's Sovereign Wealth Funds (SWF)


By Manlio Dinucci, for Il Manifesto Translated by John Catalinotto (Published Global Research) The objective of the war against Libya is not just its oil reserves (now estimated at 60 billion barrels), which are the greatest in Africa and whose extraction costs are among the lowest in the world, nor the natural gas reserves of

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BP’s criminal negligence exposed

CBD, GRN, the Natural Resources Defence Council, and the Sierra Club intend on suing the US interior secretary for breaking marine-mammal protection laws when approving offshore oil and gas activities in the Gulf [Erika Blumenfeld/Al Jazeera]

One year after BP’s Gulf of Mexico oil disaster, the number of lawsuits against the oil giant continues to mount. The Gulf Coast-based law firm Brent Coon and Associates (BCA) is considered one of the world’s foremost experts on BP, and has successfully sued the oil giant in the past. BCA now represents more than 5,000 claimants from BP’s Gulf of Mexico disaster, and has been appointed by the Plaintiff’s Steering Committee to head several key sub-committees relating to discovery.