III. THE WEST - AMERICAN REFINERIES IN CUBA ORDERED TO PROCESS SOVIET CRUDE OI

Created: 5/21/1960

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III. ST

Refineries In Cuba Ordered to Process Soviet Crude Oil

Onay, the Castro regime notified officials of the Texaco refinery in Cuba that for the rest of this year each refinery in the country must acceptons of Soviet crude oil, which has begun to arrive in Cuba under the Cuban-Soviet trade agreement signed in February. This will affect the threeEsso, and Shell--which together produce overercent of theproducts refined in Cuba. These companies haveorth of outstanding requests for dollarwhich the Cuban National Bank has not yet approved. Cuban controls on US dollar remittances have been tying up the funds of the refineries, and the Castro regime evidently Is using this form of pressure in an effort to make theaccept Soviet crude. Soviet crude is received by Cubaarter arrangement, and the refineries would not be required to pay for it in foreign exchange.

Official Venezuelan relations with the Castro government, which have grown increasingly.cool in recent weeks, areto be further alienated by Cuban purchases of competitive Soviet oil. enezuela exported0ay of oil and refined products to Cuba,ercent of which presumably will now be supplied by the USSR.ront-page editorial, one prominent anti-Castro Venezuelan newspaper recently condemned the Soviet-Cuban oilVenezuela is alsootential loss to the USSRortion of its market for petroleum in two other Latin American nations--Uruguay and Brazil.

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