Cuba's Offshore Oil Development: Background and U.S. Policy Considerations

Description

This report first examines Cuba's oil sector, including current production and consumption levels. It then looks at Cuba's offshore development, including the Repsol project, other offshore projects involving state-owed foreign oil companies, and the outlook for Cuba's offshore oil production. The report then analyzes considerations for the United States raised by Cuba's offshore oil development, examining oil spill risks and environmental dangers if spilled oil reaches U.S. waters, the status of disaster coordination between the United States and Cuba, and potential approaches on the issue. The report then examines the debate over broader U.S. involvement in Cuba's offshore oil development, ... continued below

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19 pages.

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Nerurkar, Neelesh November 29, 2010.

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This report is part of the collection entitled: Congressional Research Service Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. More information about this report can be viewed below.

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Description

This report first examines Cuba's oil sector, including current production and consumption levels. It then looks at Cuba's offshore development, including the Repsol project, other offshore projects involving state-owed foreign oil companies, and the outlook for Cuba's offshore oil production. The report then analyzes considerations for the United States raised by Cuba's offshore oil development, examining oil spill risks and environmental dangers if spilled oil reaches U.S. waters, the status of disaster coordination between the United States and Cuba, and potential approaches on the issue. The report then examines the debate over broader U.S. involvement in Cuba's offshore oil development, and touches on two outstanding boundary issues related to Cuba's offshore oil development. Finally, the report examines legislative initiatives that reflect two contrasting policy approaches toward Cuba's offshore oil development - one would authorize U.S. investment in the sector, and the other would not affect current prohibitions on U.S. firms' economic dealings with Cuba and would impose sanctions on foreign companies and individuals who support the development of Cuba's petroleum resources.

Physical Description

19 pages.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1970's through the present--covering a variety of topics from agriculture to foreign policy to welfare.

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  • November 29, 2010

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  • Jan. 27, 2015, 7:40 p.m.

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Nerurkar, Neelesh. Cuba's Offshore Oil Development: Background and U.S. Policy Considerations, report, November 29, 2010; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc490948/: accessed August 14, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.