AGP Executive Report
Last update: an hour agoOil and Fuel: Cuba’s new oil law opens exploration, refining, storage and fuel sales to authorized private and foreign investors, though the state retains control. The rules take effect October 19 as fuel shortages deepen; private Cuban businesses are also buying U.S. fuel. Power Crisis: Some Pinar del Río circuits have gone more than 90 hours without electricity. Officials said generation was just 750 MW against demand of 2,800 MW, as outages at major plants and a recent fire at the Santa Cruz facility compound the strain. Cuba is expanding renewable energy, but solar output remains limited. Agriculture: Guantánamo is offering 8,451 hectares for crops and livestock, but only a small share has irrigation. Food and Health Industries: A reported tick in cheese sold at a Havana fair has renewed concerns about food handling and transport. FARMACUBA will host a Havana workshop on biosimilars, including their regulation, clinical evaluation and commercialization.
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