China agrees to invest in Cuban oil refinery

AP News
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Posted: Jun 07, 2011 10:09 AM
China agrees to invest in Cuban oil refinery

Cuba and China have signed a series of economic accords that include the expansion of an oil refinery in Cienfuegos.

Officials say the refinery agreement is a joint plan by Cuban-Venezuelan oil company Cuven Petrol SA and China's Technip Itali SA. They also plan a liquid natural gas project.

Precise details are not available. The accords were signed during a visit by Chinese Vice President Xi Jinping, who is widely expected to be the nation's next leader.

China is Cuba's No. 2 commercial partner after Venezuela.

(This version CORRECTS that no longer scheduled to leave Tuesday morning.)