Devastating fire may force Cuba to resort to floating oil storage

Fire is seen over fuel storage tanks that exploded near Cuba's supertanker port in Matanzas, Cuba, August 8, 2022. REUTERS/Alexandre Meneghini

(Reuters) - An inferno at Cuba's largest oil storage facility has killed at least one firefighter, injured many more, and threatens to further swell the fuel import bill for the impoverished island nation that relies on foreign oil for everything from transportation to its power grid.

Cuban officials may need to scramble to set up expensive floating storage capacity to handle imports aimed at easing an acute fuel scarcity, sources and experts said on Monday.