From August, private and foreign companies may drill for oil and gas in Cuba. The state has held that monopoly since the nationalisations of 1960.
Cuba · Energy
Key Facts
—The change. From August 2026, private national and foreign companies may extract oil and natural gas in Cuba, subject to conditions.
—Mining too. Large-scale mining opens, but only through economic association and foreign investment structures.
—The pressure. Cuba is in its worst energy crisis in decades, with blackouts running for hours a day across the island.
El régimen de Cuba abrió gasolineras, farmacias y geriátricos al sector privado en medio de la crisis económica
Crisis-hit Cuba opens pharmacies, gas stations to private firms
Stations-service, pharmacies, ports… Cuba ouvre de nombreux secteurs au privé - Le Temps
De gasolineras a farmacias: Cuba abre amplios sectores a la inversión privada
Cuba abre gasolineras, farmacias y otros sectores a privados en un giro histórico
Crisis-hit Cuba says to open pharmacies, gas stations to private firms
Cuba loosens control of its private sector in a struggle with a mounting humanitarian crisis
Cuba loosens control of private sector in struggle with mounting humanitarian crisis
Stations-service, pharmacies, ports… Cuba ouvre de nombreux secteurs au privé
Cuba abre al sector privado gasolineras, farmacias y otras áreas estratégicas tras aprobar paquete de reformas
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According to Vicente de la O Levy, 100,000 tons of Russian oil has been the only fuel supply to Cuba since December 2025
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Cuba’s oil reserves have run dry. It’s fueling blackouts lasting more than 20 hours in Havana and widespread protests, with…
