http://english.pravda.ru/world/20/91/368/15725_cubaoil.html
Cuba and Venezuela to build oil alliance
06/29/2005 22:40
Castro and Chavez met to discuss a plan to provide Caribbean nations with
oil on preferential conditions
Shoulder by shoulder, Cuban leader Fidel Castro and his Venezuelan
counterpart, Hugo Chavez, met on Tuesday to discuss an oil alliance which would
provide Caribbean nations with more fuel at preferential conditions. The deal
would expand Chavez"s oil diplomacy and influence across the region, and could
bring Castro a new opportunity to regain some political space within Cuba"s
neighbours.
The meeting took place in Puerto La Cruz, Venezuela, and included more
political definitions over the future of both countries and the destiny of
Latin America. Chavez said he is leading Venezuela toward Socialism as harshly
criticised US policies as imperialistic. By doing little to slow increased
demand for energy, the world's most developed countries "are causing a
humanitarian crisis for survival" among smaller nations, said the Cuban
President.
But the real intentions behind these declarations are more pragmatic than
rhetoric. Chavez"s foreign policy is based on Venezuela"s oil richness, with
which the leftist leader is looking for support among the region.
The Venezuelan government has sealed bilateral agreements to develop oil
and gas reserves with a number of countries as Argentina, Brazil, Uruguay,
Iran, China and many others. It is also fuelling the building of an energy loop
across South America to prevent lack of supplying and make the region
self-sufficient.
Last year, Chavez signed a deal with the Dominican Republic to sell up to
50,000 barrels a day of oil with preferential financing. Two months ago,
Venezuela opened a new office in Havana for its state-run oil company Petroleos
de Venezuela S.A., and announced it had increased sales to Cuba to 90,000
barrels a day.
In 2004, Venezuela helped Argentina to sort out its energy crisis by
sending fuel oil tankers to Buenos Aires, which were dully exchanged for food.
Leaders from Argentina, Brazil and Venezuela were expected to further advance
on integration policies last week, but the trilateral summit was postponed as
Brazil"s Lula had to remain in office to deal with the political crisis sparked
by corruption allegations.
Hernan Etchaleco
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