Russia to supply Cuba with 500,000 tons of oil in 2001

Jan 24, 2001 01:00 AM

Under a Russian-Cuban intergovernmental agreement on financing for the construction of a radar station on Cuba in the first quarter of 2001, Russia is expected to supply 500,000 tons of oil, said a oil industry source.
To implement the intergovernmental agreement, Surgutneftegaz is expected to be granted an additional 120,000 ton export quota, while Tyumenneft (TNK) will be awarded a 300,000 ton quota, Permteks a 30,000 ton quota and Ritek a 50,000 ton quota in the first quarter of 2001.

Source: Neftegazovaya vertikal via NewsBase
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