On October 12, local time, the Cuban Ministry of Energy and Mining held a press conference and promulgated the Petroleum and Natural Gas Act No. 135. A number of department heads explained the new law at the press conference. According to reports, the old relevant laws are no longer applicable; Cuba enacted a new law after studying the regulations of many countries and synthesizing the opinions of 31 consulting agencies. The new law aims to gradually increase crude oil and natural gas production and reserves, meet the country's fuel and derivatives needs as much as possible, provide raw materials and products for the future development of the petrochemical industry, cooperate with the restoration of the country's power system, and promote energy independence. The new law emphasizes the country's sovereignty and jurisdiction over energy, while welcoming domestic and foreign investment, allowing diversified cooperation models, and emphasizes industrial safety and environmental protection.

On October 12, local time, the Cuban Ministry of Energy and Mining held a press conference and promulgated the Petroleum and Natural Gas Act No. 135. A number of department heads explained the new law at the press conference. According to reports, the old relevant laws are no longer applicable; Cuba enacted a new law after studying the regulations of many countries and synthesizing the opinions of 31 consulting agencies. The new law aims to gradually increase crude oil and natural gas production and reserves, meet the country's fuel and derivatives needs as much as possible, provide raw materials and products for the future development of the petrochemical industry, cooperate with the restoration of the country's power system, and promote energy independence. The new law emphasizes the country's sovereignty and jurisdiction over energy, while welcoming domestic and foreign investment, allowing diversified cooperation models, and emphasizes industrial safety and environmental protection.