Spanish company Repsol YPF SA has leased several offshore blocks from the Cuban government and is expected to begin drilling for oil and gas next year. Cuba currently imports the majority of its energy from Venezuela but experts suggest that untapped reserves on the country's northern coast may yield enough oil to wean Cuba off dependence on Venezuela. What issues does the Cuban government face in its bid to develop its oil industry? What are the implications for the Cuban economy? How will the prospect of drilling 50 miles from the Florida Keys affect Cuba's relationship with the United States?
Inter-American Dialogue's Latin American Energy Advisor. "What is the Future of the Cuban Oil Industry?." (2010). http://digitalrepository.unm.edu/la_energy_notien/22