Thursday, 12 July 2012

Russia seals Cuba deal over Gulf of Mexico oil

Russia seals Cuba deal over Gulf of Mexico oil

Russia and Cuba signed agreements to search for oil in the Gulf of Mexico, and Moscow extended the island $150 million in credit for construction materials and farm machinery, state media said Wednesday.
The credit will give Cuba more time to pay for Russian equipment shipped to areas most affected by three hurricanes that caused more than $10 billion in damage last summer.