B · Normal
[Cuba promulgated a new oil and gas decree aimed at promoting energy independence] On October 13, Cuba’s Ministry of Energy and Mines held a press conference and promulgated Oil and Gas Decree No. 135. According to reports, the old relevant laws are no longer applicable. Cuba formulated the new laws after studying the laws and regulations of many countries and integrating the opinions of 31 consulting agencies. The new decree aims to gradually increase crude oil and natural gas production and reserves, meet the country's fuel and derivatives needs as much as possible, provide raw materials and products for the future development of the petrochemical industry, cooperate with the restoration of the national power system, and promote energy independence. The new decree emphasizes the country's sovereignty and jurisdiction over energy, welcomes domestic and foreign investment, allows diversified cooperation models, and emphasizes industrial security and environmental protection.
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