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⚠ COMPLIANCENot investment advice. U.S. sanctions restrict Cuba investment to the licensed independent private sector. Every transaction is KYC'd, OFAC-SDN & Cuba Restricted List screened, confirmed as an independent private entity (≤100 employees), and subject to OFAC counsel. No money flows to state, JV, GAESA, Restricted-List or confiscated-property counterparties.
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Energy · La Habana

Belot Oil Refinery (Esso/Exxon)

Confiscated refinery + 300+ stations

🔴 Stateℹ️ Atlas — info only⚠️ Title III risk — active suit
Scale
$71.6M certified; Exxon now claims >$1B
Status
ACTIVE Title III suit
Sector
Energy
Province
La Habana
Coordinates
23.130, -82.310
Layer
Layer 2 · Atlas
Notes
9th-largest certified claim.
Controlling entity
CUPET — Cuba Petróleo Unión

State oil & gas monopoly: refineries, the Matanzas supertanker base, onshore oil JVs. Counterparty to confiscated-refinery Title III exposure (Exxon/Belot).

Helms-Burton · confiscated property
⚠️ Title III risk — active suit
Original owner (1960)
ExxonMobil (Standard Oil/Esso)
1972 certified value
$71.6M
Current claim-holder
ExxonMobil
Certified (FCSC)
Yes — certified claim
Title III status

Exxon v. CIMEX & CUPET (D.D.C.) — ongoing, D.C. Cir. remanded 2025

Sources: FCSC · Andersen · ABA