HOUSTON, TEXAS (By Ofelia Paredes, Energy Analytics Institute, 11.Sep.2026, Words: 157) — The US government proposed an energy agreement to Cuba to supply oil and investments in exchange for the departure of Cuban president Miguel Díaz-Canel and the privatization of the state-owned Unión Cuba-Petróleo (Cupet), the Miami Herald revealed on 11 Sep. 2026.
The plan, which ultimately fell through due to Cuba’s reluctance and political pressure in Miami, aims to have US investors take control of the island’s oil sector and grant Washington decisive influence in the country, according to a source familiar with the negotiations who requested anonymity.
The proposal was presented directly by US emissaries to Raúl Guillermo Rodríguez Castro, grandson of Raúl Castro, and demanded the privatization of Cupet, the Cuban company in charge of the entire hydrocarbon sector on the island.
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By Ofelia Paredes reporting from Houston. © 1999-2026 Energy Analytics Institute (EAI) and its 100% owned Venezuelan affiliate Editores Latin Petroleum CA. All Rights Reserved.
