MINBASMinisterio de la Industria Basica (Cuban Ministry of Basic Industry)
References in periodicals archive ?
MINBAS described the joint-venture investments in the zone as risky, but said exploration is attractive because the zone adjoins fields with known oil reserves and because of the ready market in Cuba and nearby Caribbean islands.
Meanwhile, MINBAS officials believe the potential yield is large.
MINBAS also announced that Brazilian state-run oil company PETROBRAS would begin offshore drilling in mid-year in a joint venture with CUPET.