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Updated Thursday, April 7, 2011 11:33 pm TWN, AFP

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Cuba reveals plans to drill 5 new oil wells in the Gulf of Mexico by 2013

HAVANA -- Cuba on Tuesday announced plans to drill five deep-water oil wells in the Gulf of Mexico beginning this summer, expressing confidence that its efforts will be rewarded with major new energy finds.

“We're about to move to the drilling phase,” said Manuel Marrero, an official with the government authority tasked with overseeing Cuba's oil sector. “We're all really hopeful that we will be able to discover large reserves of oil and gas,” said Marrero, who added that the ventures would be undertaken with the help of unspecified foreign companies.

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