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Cuban Oil Reexports: Significance and Prospects

Since the early 1970s, Cuba has been selling oil products, obtained largely from imported Soviet crude, in Western Europe for hard currency. Initially, these sales were relatively small and limited to refined products, such as naphtha. More recently, the magnitude of these reexports has grown significantly, and the range of exported products has expanded to include crude oil.

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Energy Specializations: Petroleum – Policy and Regulation

JEL Codes: Q41: Energy: Demand and Supply; Prices, Q40: Energy: General, Q37: Nonrenewable Resources and Conservation: Issues in International Trade, Q35: Hydrocarbon Resources

Keywords: Cuba, Oil reexports, Cuban-Soviet oil trade

DOI: 10.5547/ISSN0195-6574-EJ-Vol8-No1-1

Published in Volume 8, Number 1 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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