Not legal or investment advice. U.S. sanctions restrict Cuba investment to the licensed independent private sector. Every transaction is KYC'd, OFAC-SDN & Cuba Restricted List screened, confirmed as an independent private entity (≤100 employees), and subject to OFAC counsel. No money flows to state, JV, GAESA, Restricted-List or confiscated-property counterparties.
CUPET — Cuba Petróleo Unión
aka CUPET, Cuba Petróleo
State oil & gas monopoly: refineries, the Matanzas supertanker base, onshore oil JVs. Counterparty to confiscated-refinery Title III exposure (Exxon/Belot).
Assets controlled (6)
Matanzas Supertanker Base
Slow reconstruction; national energy-resilience rebuild + storage diversification
Boca de Jaruco / Varadero Oil Fields
EOR is the opportunity
Camilo Cienfuegos Oil Refinery
Modernization + feedstock opportunity
Port of Cienfuegos
One of Cuba's best natural deep harbors; petrochemical/bulk + refinery revival
Belot Oil Refinery (Esso/Exxon)
ACTIVE Title III suit
Texaco Refinery (Santiago)
Confiscated 1960