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est.) Oil - consumption: 204,000 bbl/day (2004 est.) Oil - exports: NA bbl/day (2001) Oil - imports: NA bbl/day (2001) Oil - proved reserves: 259 million bbl (2006 est.) Natural gas - production: 704 million cu m (2004) Natural gas - consumption: 704 million cu m (2004) Natural gas - exports: 0 cu m (2004 est.) Natural gas - imports: 0 cu m (2004 est.) Natural gas - proved reserves: 70.79 billion cu m (1 January 2005 est.) Current account balance: $-1.218 billion (2006 est.) Exports: $2.956 billion f.o.b. (2006 est.) Exports - commodities: sugar, nickel, tobacco, fish, medical products, citrus, coffee Exports - partners: Netherlands 25.7%, Canada 21%, China 9.9%, Spain 6.8% (2005) Imports: $9.51 billion f.o.b. (2006 est.) Imports - commodities: petroleum, food, machinery and equipment, chemicals Imports - partners: China 14.5%, Spain 13.7%, Canada 8.4%, US 8.3%, Germany 7.2%, Brazil 5.6%, Italy 5.6%, Mexico 5.1%, Japan 4% (2005) Reserves of foreign exchange and gold: $2.618 billion (2006 est.) Debt - external: $15.15 billion (convertible currency); another $15-20 billion owed to Russia (2006 est.) Economic aid - recipient: $68.2 million (1997 est.) Currency (code): Cuban peso (CUP) and Convertible peso (CUC) Currency code: CUP (nonconvertible Cuban peso) and CUC (convertible Cuban peso) Exchange rates: Convertible pesos per US dollar - 0.93 (2006), note, Cuba has three currencies in circulation: the Cuban peso (CUP), the convertible peso (CUC), and the US dollar (USD), although the dollar is being withdrawn from circulation; in April 2005 the official exchange rate changed from $1 per CUC to $1.08 per CUC (0.93 CUC per $1), both for individuals and enterprises; individuals can buy 24 Cuban pesos (CUP) for each CUC sold, or sell 25 Cuban pesos for each CUC bought; enterprises, however, must exchange CUP and CUC at a 1:1 ratio. Fiscal year: calendar year Communications Cuba Telephones - main lines in use: 849,900 (2005) Telephones - mobile cellular: 134,500 (2005) Telephone system: general assessment: greater investment beginning in 1994 and the establishment of a new Ministry of Information Technology and Communications in 2000 has resulted in improvements in the system; wireless service is expensive and remains restricted to foreigners and regime elites, many
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