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.
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