Cuba Opens Oil and Gas Extraction to Domestic Private Capital to Ease Energy Crisis

Cuba's government will permit domestic private companies to participate in oil and gas extraction, a policy shift aimed at expanding output to address the island's severe energy shortages. The move marks a notable departure from state monopoly in the sector, though details on licensing and foreign investment remain unclear. This could signal a broader opening of Cuba's energy sector, with potential implications for regional energy dynamics and U.S.-Cuba relations.