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HAVANA, Feb. 14, 2006 (IPS/GIN) -- The need to find new oilfields to satisfy world demand, which could soon outstrip production, has prompted foreign oil companies to take an interest in offshore prospecting and drilling around Cuba.

According to predictions, global crude oil production is going to fall in terms of both quantity and quality. By around 2015 demand will have grown by about 60 million barrels a day above 2004 consumption levels, which stood at 75 million barrels a day.............

 

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