Petrocaribe Celebrates Eleven Years in Belize скачать в хорошем качестве

Petrocaribe Celebrates Eleven Years in Belize

For the latest news across Belize, visit: http://edition.channel5belize.com/ Petrocaribe is celebrating eleven years in Belize, following the signing of an agreement with Venezuela on June twenty-ninth, 2005. The dream of former President Hugo Chavez was to promote regional harmony and relieve financial difficulties in Latin America and the Caribbean in the face of rising oil prices. The agreement allows for the direct sale of petroleum products, including diesel, gasoline, LPG and lubricants, on concessionary financing terms from PDVSA. Belize has benefited tremendously from the financial assistance offered. For the better part of the last three years, Petrocaribe has been a cash cow for the Government of Belize. While those funds have depleted considerably and Venezuela remains in political turmoil, the program continues…that is, for now. Ahead of its eleventh anniversary, Deputy Chairman of APBEL, John Mencias spoke on the history of Petrocaribe and the progress it has made in Belize.