Venezuela Extends Energy Security to PETROCARIBE

Caracas, Aug 11 (Prensa Latina) A highlight of the Third Summit of the PETROCARIBE Agreement, currently in session in Caracas, is the Venezuelan proposal to extend the influence of the Energy Security Treaty to country members of the mechanism.

During a recent tour including Argentina, Uruguay, Ecuador and Bolivia, President Hugo Chavez arranged these nations joining of the agreement, presented for the first time on occasion of the South American Energy Summit in Margarita Island, Venezuela.
In opinion of Venezuelan Oil Ministry, Rafael Ramirez, this step would promote the use of renewable sources of energy, technological exchange and efficiency.

According to analysts, such a move constitutes a valid alternative in the current international scene, where Chavez warned that “a real energy crisis is brewing.” PETROCARIBE groups Antigua and Barbuda, Bahamas, Belize, Cuba, Dominica, Grenada, Guyana, Jamaica, the Dominican Republic, Saint Kitts and Nevis, Saint Lucia, Suriname, Saint Vincent and the Grenadines and Venezuela.

Prensa Latina