July 16, 2004

Venezuela, Caribbean to Discuss Oil Deals - want regional petroleum firm

July 16, 2004/ Tron Nick

Venezuela and 14 Caribbean countries will meet in August to discuss the creation of a new company which will sell oil at cheaper prices in the region, Venezuela's Energy Minister said. The decision follows a weekend meeting during which Venezuela proposed to its Caribbean neighbors the establishment of PetroCaribe, a company that would distribute crude and refined oil products to the Caribbean at lower prices than other dealers in the area. [more] and [more]

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Venezuela, Caribbean to Discuss Oil Deals - want regional petroleum firm

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