In conjunction with the conglomerate CIMEX, it operates a chain of filling stations selling gasoline in convertible pesos.

The extraction is based in Cuba's northern region of Havana Province (Provincia de la Habana).

[2][3] This nationalization of property resulted partially from U.S. President Dwight D. Eisenhower's decision to cancel all oil exports to Cuba.

Despite attempts at negotiation, no property was ever returned to the American companies and they have yet to receive any compensation from the Cuban government.

[5] Diplomatic relations between the United States and Cuba quickly deteriorated and the first in a series of embargoes was placed on the Castro regime in October 1960.