Castro Announces New Oil Find
HAVANA (Reuters) - An oil deposit with an estimated 100-million-barrel reserve has been discovered off Cuba's coast by Canadian companies Sherritt International Corp. (S.TO: Quote, Profile, Research) and Pebercan Inc. (PBC.TO: Quote, Profile, Research) , President Fidel Castro said.
"We have a new oil discovery ... the first since 1999," Castro said during a closed-door speech to parliament deputies, parts of which were carried on Saturday by official media.
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