several non-U.S. oil and gas companies, including those from China and Russia, have fracking capabilities deployed and operational in Cuba.
1. **Chinese Companies**:
- **Sinopec** has been involved in various oil projects in Cuba. They are equipped with advanced technologies, including hydraulic fracturing.
2. **Russian Companies**:
- **Lukoil** and **Gazprom** have been active in Cuba’s oil industry. They have the technology for hydraulic fracturing and other stimulation services.
3. **Other Non-U.S. Companies**:
- **Petrobras** (Brazilian): Although primarily focused on exploration and production, Petrobras has the capability to perform hydraulic fracturing and stimulation.
These companies have engaged in joint ventures or direct operations to enhance oil recovery in Cuban fields, utilizing their advanced technology and expertise in hydraulic fracturing and other stimulation techniques.
MAY Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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