Cuban engineers help look for oil

[NewsWhore]

Aristides Fernandez Zucco, who heads the National Energy Commission (CNE), has announced that a group of Cuban engineers with experience of finding petroleum reserves in land and coastal waters are in the DR. Fernandez says that the engineers are looking in places that have similar geological properties to sites in Cuba where petroleum has been found. This is the second time that Cuban engineers visit in search of petroleum deposits, and the current Cuban delegation has been in the country for three weeks. Fernandez Zucco says that the next step in the exploration process is the financial side, and says that an investment of US$83 million is needed. According to Fernandez Zucco, the Cuban engineers say that a process that took them almost 30 years can now be done in three. Fernandez Zucco added that the country is currently in negotiations with Russian and French companies to take over the exploration process.

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