http://story.news.yahoo.com/news?tmpl=story&cid=1535&ncid=731&e=8&u=/afp/20050304/wl_sthasia_afp/indiavenezuelausoil

Venezuelan president renews threat to cut oil supplies to US

      42 minutes ago   South Asia - AFP 
     


NEW DELHI (AFP) - Venezuelan President Hugo Chavez has renewed a threat to halt 
oil supplies to the United States if Washington "hurts" the Latin American 
country. 


            AFP Photo 
           
       

Relations between Venezuela, which exports the bulk of its oil to the United 
States, and Washington have been badly strained since Chavez last month accused 
Washington of plotting to have him assassinated. 


"If there is any aggression, there will be no oil," Chavez, who arrived in New 
Delhi on a four-day visit to India told journalists, the Press Trust of India 
(news - web sites) reported on Friday. 


"We want to supply oil to the US. We're not going to avoid this supply of oil 
unless US government gets a little bit crazy and tries to hurt us," he said 
after a ceremonial welcome at the Indian president's palace. 


The US State Department has dismissed Chavez's accusations that Washington is 
seeking to have him killed as "ridiculous and untrue." 


Venezuela is the world's fifth-biggest oil exporter and is among the largest 
providers to the United States. 


Chavez, who is on a trip to India where energy will top the agenda, started 
alleging Washington was planning his death after the United States criticised 
some of his government's actions as "deeply troubling." 


Earlier this month, Chavez told a news conference in Uruguay that the United 
States would not receive a drop of oil if he were to be killed. 


Asked whether the Organisation of Petroleum Exporting Countries (OPEC (news - 
web sites)), of which Venezuela is a member, will increase output to cool 
current near-record prices, Chavez said Friday the cartel was "producing 
enough" 


"(The) increasing price of oil has nothing to do with OPEC. It is the structure 
of the market," he said, adding OPEC was evaluating factors at work. 


Chavez has signed oil deals with various countries including China since last 
year and is due to ink an energy agreement aimed at enhancing cooperation with 
India during his visit. 


Energy-hungry India, which imports nearly 70 percent of its fuel needs, has 
been scouring the world for new supplies to keep its fast-growing economy on 
track. 







[Non-text portions of this message have been removed]



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