Sun, Feb 05, 2006 - Page 10 News List

Cuba invites US firms to fight embargo

ENERGY While US firms discussed Cuba's tantalizing oil reserves at a private-sector oil summit, Washington indicated that it wants to tighten the embargo even more

AP , MEXICO CITY

Mike Martinez, president of Mexico-based oil engineering firm Bay-Inelectra, suggested that Cuba could offer the US a viable oil source amid instability in the Middle East and elsewhere.

"Now we're dealing with a lot more unstable places, like Nigeria and Venezuela with [President Hugo] Chavez," said Martinez, whose family fled Cuba in the 1960s.

The meeting was sponsored by the US-Cuba Trade Association; Texas-based Valero, the biggest US oil refiner; the Louisiana Department of Economic Development; and the Texas Port of Corpus Christi, among others.

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