• Does Cuba have oil extraction plans for 2021?
  • Oil extraction in Cuba. Photo: Jorge Luis Ba?os/IPS/Archive. The Cuba-Petroleum Union (CUPET) fulfilled its extraction plan for 2021 in mid-December after a decade reporting a notable decrease in its hydrocarbon production, according to the island¡¯s official media.
  • How much is the edible oil industry worth in India?
  • In India alone, the edible oil industry was worth USD 3.54 billion in 2020; this number is projected to grow at a CAGR of 6.82% to reach USD 5.72 billion in 2027. Shifts in the global edible oil industry have been influenced to a great degree by the market in India, given that the country is the world¡¯s largest importer and consumer of edible oils.
  • How has Cupet changed its approach to extracting oil in Cuba?
  • Since 1996, and taking into account that most oil deposits in Cuba are located offshore, CUPET changed its approach to extracting oil by introducing the horizontal perforation method (HPM), which has led to an increase in oil production levels since 2002.
  • How can EPC companies help the edible oil industry?
  • The edible oil industry, like any other, is in constant flux. Experienced EPC companies like Kumar, who have hundreds of successful projects under their belt, are the ideal partners with whom to weather the storms of changing edible oil market dynamics.
  • How much oil does Cuba extract?
  • Although there are oilfields located in different parts of the country, Cuba extracts 99% of its oil in a 750-square-kilometer strip located between Havana and Varadero beach resort. The official also highlighted as another cause of the increase the attention to the Fund for Producing Wells, which in 2021 had efficiency coefficients above 98%.
  • Does Africa have an edible oil industry?
  • In the past few years, we have also observed regional patterns in the edible oil industry. For decades now, Africa has represented a massive opportunity for new businesses. Now one of the largest growing areas in terms of industrialisation, the African continent has also shown promise for the edible oil industry.