By Jonathan Benjamin-Alvarado, Vicki Huddleston
Approaching an doubtful destiny with out Fidel Castro, and nonetheless reeling from a downturn on the finish of the chilly battle, Cuba needs to act decisively to enhance its economic system and residing stipulations. one of many significant demanding situations dealing with the impoverished island country is securing entry to power assets which are enough to satisfy the wishes of its revitalization and improvement pursuits. What steps can Cuba take to accomplish either brief- and long term power sustainability and self-sufficiency? during this well timed research, Jonathan Benjamin-Alvarado and his colleagues resolution that question.
Cuba's power Future units the geostrategic context in which Cuba is working. The publication presents an outline of the evolving family members between Caribbean states and explains why Cuba and its longtime nemesis the USA should still search for how you can cooperate on constructing strength assets. the prospective position of oil businesses is explored, as is Cuba's strength dating with Hugo Chavez's Venezuela.
The moment component of Cuba's power Future gains financial and technical value determinations, monetary projections, and tendencies affecting Cuba's power wishes, together with oil and common gasoline power, the country's antiquated electrical strength region, and the function of biofuels resembling sugarcane ethanol. The concluding part specializes in the stipulations worthwhile for, and the mutual merits of, higher cooperative engagement with the United States.
Contributors: Juan A. B. Belt (Chemonics overseas, previously USAID), Jonathan Benjamin-Alvarado (University of Nebraska–Omaha and collage of Georgia), Amy Myers Jaffe (Rice University), Jorge R. Piñón (Florida overseas University), Ronald Soligo (Rice University).
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Extra info for Cuba's Energy Future: Strategic Approaches to Cooperation
S. oil and oil services and equipment companies, Cuba’s onshore and coastal heavy oil production potential could grow to an amount in excess of 75,000 b/d. Cuba will be able to realize these gains by implementing enhanced secondary recovery methods. -based technology) and more investment capital, there is a reasonable expectation that Cuba could increase its recovery rate to somewhere between 17 and 20 percent. This is the recovery factor for similar heavy crude fields in the United States and Canada.
Moreover, a basic analysis of the geological formations by Cuban analysts suggest that the potential for additional reserves is likely. In most experts’ opinion, a lot of exploratory work has yet to be done to substantiate the high-end estimates put forth by Cuban geologists, regardless of the technical soundness of the data presented in support of their estimate. qxd 32 9/3/10 J ORGE R. P IÑÓN AND 12:24 PM Page 32 J ONATHAN B ENJAMIN -A LVARADO Table 2-4. Cuba’s Concessions in Its Exclusive Economic Zone, 2009 Block numbers N25–29, N36 N34, N35 N44, N45 N53, N54, NN58, NN59 N31, N32, N42, N43 N37 Year awarded Company (country) Consignee equity (percent) 2002 2005 2005 2006 2006 2007 2007 2008 Repsol (Spain) Statoil–Norsk Hydro (Norway) ONGC (India) ONGC (India) Petronas (Malaysia) PDVSA (Venezuela) PetroVietnam Petrobras (Brazil) 40 30 30 100 100 100 100 100 Source: Author compilation, based on data published by Oficina Nacional de Estadísticas de Cuba, 2009.
Energy Information Administration, there are estimated reserves of 2,500 trillion cubic feet (tcf); according to Cupet officials current natural gas recovery rates are approximately 94 percent. Cuba’s associated-gas production is a true success story. For many years the gas was “flared,” creating considerable air and visual pollution in the tourist-sensitive area along the Via Blanca highway as it approaches the beach resort area of Varadero. Economic incentives allowed Cupet to develop a business solution to the “rotten egg” smell with Sherritt.
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