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(21 Dec 2007) 1. Venezuelan president Hugo Chavez and Cuban interim President Raul Castro arriving at opening ceremony of Petrocaribe summit 2. Pull out of Chavez and Castro taking their seats 3. Wide of conference room 4. SOUNDBITE (Spanish) Raul Castro, Interim President of Cuba: "We believe that this meeting contributes to further consolidate this agreement that is highly beneficial to our nations. Thanks to the solidarity of the Bolivarian Republic of Venezuela, Petrocaribe is much more than the fair solution to the serious energy problem faced by small countries that lack their own sources of hydrocarbons." 5. Cuban Foreign Minister Felipe Perez Roque ( left) and Cuban Vice President Carlos Lage (right) 6. Nicaraguan President Daniel Ortega 7. President of the Dominican Republic, Leonel Fernandez 8. SOUNDBITE (Spanish) Hugo Chavez, President of Venezuela: "Petrocaribe goes beyond a simple mechanism of commercialising hydrocarbons. It is a mechanism that integrates, and beyond that, it unifies and beyond that, it liberates." 9. Cutaway of summit sign 10. Wide of conference room 11. Pull out of Chavez and Castro clapping 12. Truck driving down Cienfuegos street 13. Various of oil refinery that Chavez will restart 14. Various of houses, known as "petro-houses" donated by Chavez to Cuba, and built of material derived from petroleum. STORYLINE: Venezuelan President Hugo Chavez on Friday celebrated his initiative to provide cheap oil to smaller nations, telling Caribbean leaders that the region must band together against the failed "dictatorship of world capitalism." Chavez opened the Petrocaribe summit in Cienfuegos, Cuba saying the plan should go beyond mere financing mechanisms, and suggested that some countries repay the oil with social services. He also called for creating an international fund to promote alternative energy sources. "Petrocaribe goes beyond a simple mechanism of commercialising hydrocarbons. It is a mechanism that integrates, and beyond that, it unifies and beyond that, it liberates," Chavez said. Petrocaribe is a group of 16 Latin American and Caribbean nations created as an alternative to Washington's unsuccessful Free Trade Area for the Americas. Venezuela provides about 5 billion US dollars to the region annually through long-term preferential financing under Petrocaribe and other similar initiatives, according to Chavez, who promotes the pact as part of a larger effort to create a "confederation of republics" from Argentina to Cuba independent of US influence. Chavez also paid tribute to his friend and ally, ailing Fidel Castro, who before failing ill in July 2006 had been the central figure at such regional events. The 81-year-old Castro has not been seen in public since he underwent emergency intestinal surgery 17 months ago, and his brother Raul, Cuba's provisional leader, was sitting in for him at the summit. "We believe that this meeting contributes to further consolidate this agreement that is highly beneficial to our nations," Raul Castro said. "Thanks to the solidarity of the Bolivarian Republic of Venezuela, Petrocaribe is much more than the fair solution to the serious energy problem faced by small countries that lack their own sources of hydrocarbons," he added. Presidents Daniel Ortega of Nicaragua, Rene Preval of Haiti and Leonel Fernandez of the Dominican Republic, were attending the summit as well as the leaders of Antigua and Barbuda, Belize, Dominca, Guyana, St. Kitts and Nevis, St. Vincent and the Grenadines, and Jamaica. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: / ap_archive Facebook: / aparchives Instagram: / apnews You can license this story through AP Archive: http://www.aparchive.com/metadata/you...