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Spanish oil company Repsol to stop drilling in Cuba
Source: BBC
29 May 2012 Last updated at 19:12 GMT
Spanish oil company Repsol to stop drilling in Cuba
Spanish company Repsol has said it is pulling out of Cuba after failing in a recent attempt to find oil off the island.
Chairman Antonio Brufau told journalists and investors that Repsol "won't do another" well in Cuba.
On 18 May Repsol announced an exploratory well it had drilled north of the Cuban coast had come up dry.
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The decision to stop operations in Cuba was announced at the firm's headquarters in Madrid at a briefing on Repsol's investment plans for the next four years.
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Read more: http://www.bbc.co.uk/news/world-latin-america-18256895
