mo4ch:>China’s newest oil hotspot is in America’s backyard | Mo4ch News

China is ramping up its oil drilling initiative in Cuban waters, using cutting-edge technology to reach deposits that Cubans couldn’t touch.Chinesestate-run news agency Xinhua said on Tuesday that an affiliate of Chinese oil major CNPC, Great Wall Drilling, was drilling for oil off Cuba’s coast as part of a joint venture with state-owned oil firm Cuba Petroleum Company (CUPET).  "Our deposits extend out to sea, so increasingly, wells are longer and to reach them we need cutting-edge technology that we have accessed through the Great Wall Company," Julio Jimenez, CUPET's director of drilling, told Xinhua.Also on rt.comUS cracking down on tourism, remittances and banking in Cuba sanctions push – BoltonThe site of the drilling operation is reportedly near the coastal town of Boca de Camarioca, about 75 miles east of Havana, and is a 1,475-meter-deep well extending some 4,692 meters out to sea. Workers hope to reach 6,950 meters where geological studies show a hydrocarbon de…