Recent trends in Cuba’s mining and petroleum industries

Abstract

In response to recent diplomatic developments between Cuba and the United States, the National Minerals Information Center compiled available information on the mineral industries of Cuba. This fact sheet highlights a new map and table that identify mines, mineral processing facilities, and petroleum facilities as well as information on location, operational status, and ownership. It also addresses the current status of known mineral industry projects, historical developments, and trends of the Cuban economy with an emphasis on mineral industries, and the supply and demand for Cuba’s mineral resources. In 2013, Cuba was estimated to be among the world’s top ten producers of cobalt and nickel, which are the country’s leading exports. Cuba’s current crude oil and associated natural gas production from onshore and shallow water coastal reservoirs is approximately 50,000 barrels per day of liquids and about 20,000 barrels per day oil equivalent of natural gas. In 2013, the value of mining and quarrying activities accounted for 0.6 percent of Cuba’s gross domestic product (GDP), compared with 1.4 percent in 2000. The value of production from Cuba’s industrial manufacturing sector increased by 88 percent between 1993 and 2013, whereas the sector’s share in the GDP decreased by about 3 percent during the same time period reflecting economic growth in other sectors of the economy.