According to the Latin American News Agency March 3, 2016 in Havana reported that the Cuban Deputy Minister of Energy and Mines Ministry Reuben ? Sid revealed today that the 2016 Cuban investment in the energy mining sector will be higher than last year.

Sid said that in 2015 the total investment in Cuba in the energy and mining sector was 16 billion pesos (according to the official exchange rate of $ 1 peso equal to 1), completed 94.9% of the plan, the main production tasks have achieved a higher completion percentage, only oil refining and gold and salt mining unrealized goals. Improve resource imports, scheduled maintenance and investment in different sectors, it is the key to success. Despite financial pressures and organizational issues, but imports still amounted to 900 million pesos.

In addition, Sid said that the international prices of raw materials have an impact on Cuban nickel, which affects export earnings. 2015 average nickel price of US $ 11,800 per tonne. Affected by this, nickel ore export earnings scheduled to be completed only 55%.

2016 investment in the field of energy and mineral will focus on the development of renewable energy, oil, nickel ore efficiency, national energy structure optimization and household electrification.