Wednesday, July 14, 2010

And Don't Forget The Chinese!

As the Administration's stunts cause drilling rigs to leave the Gulf for Africa and elsewhere, Russia moves in.

From Stratfor:  

Russia: Oil Company To Drill Off Cuba

July 14, 2010

Russian state oil company Zarubezhneft plans to drill a shelf at the L block near Cuba beginning in 2011, company CEO Nikolai Brunich said on July 14, RIA Novosti reported. Zarubezhneft signed four contracts with the Cuban national oil company, Cubapetroleo, in November 2009 regarding geological exploration and hydrocarbon production.