The five decade-long United States embargo against Cuba could finally be lifted after the discovery of an enormous oil field in Cuban waters.

Thus reports London’s Daily Telegraph.

… the discovery of between five and 20 billion barrels of oil in the deep waters off Cuba’s north coast, only 60 miles away from Florida, has made American businessmen and politicians consider lifting the embargo.

Repsol, the Spanish oil firm, will start exploratory drilling within months. If it strikes a large deposit, the trade embargo could be significantly revised or removed, according to Professor Mark Jones, an expert on Latin America at the Rice University of Texas.


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Peter Fray
Peter Fray
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