But since it is a Canadian company, I am 16% less concerned.
Cuba owes Canadian oil firms $69 million: Pebercan
CALGARY, Alberta (Reuters) - Cuba's state-run oil company is behind in $69 million of payments to its Canadian partners in a heavy-oil-producing block on the north side of the island, one of the partners said on Wednesday.
The rest of the story [here].
Wednesday, December 27, 2006
Cuba gives the shaft to business partner
It is a good thing that the Venezuelan castro wannabe does not expect to be paid back for the 90,000+ barrels per day provided to Cuba. That equates to about $2 billion per year…ouch! However, this will serve as fair warning to those who wish to give the Cuban regime credit…