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Recent trends in Cuba’s mining and petroleum industries

Fact Sheet 2015-3032

By:
, ORCID iD , ORCID iD , and ORCID iD
https://doi.org/10.3133/fs20153032

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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.

Suggested Citation

Wacaster, Susan, Baker, M.S., Soto-Viruet, Yadira, and Textoris, S.D., 2018, Recent trends in Cuba’s mining and petroleum industries (ver. 2.0,
March 2018): U.S. Geological Survey Fact Sheet 2015–3032, 6 p., https://doi.org/10.3133/fs20153032.

ISSN: 2327-6932 (online)

ISSN: 2327-6916 (print)

Study Area

Table of Contents

  • Background
  • Cuba's Mineral Resources and Production Facilities
  • Historical Perspective on Cuba’s Mineral Industries
  • Recent Developments in Cuba’s Mineral Industries
  • Foreign Direct Investment Trends in Cuba
  • References Cited

Additional publication details

Publication type:
Report
Publication Subtype:
USGS Numbered Series
Title:
Recent trends in Cuba’s mining and petroleum industries
Series title:
Fact Sheet
Series number:
2015-3032
DOI:
10.3133/fs20153032
Edition:
Version 2.0: March 15, 2018
Year Published:
2018
Language:
English
Publisher:
U.S. Geological Survey
Publisher location:
Reston, VA
Contributing office(s):
National Minerals Information Center
Description:
6 p.
Country:
Cuba
Online Only (Y/N):
N
Additional Online Files (Y/N):
Y