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JUL-08, 2013
Coverage
PetroCaribe Summit, Conclusion
VIII Summit of PetroCaribe
ENERGY FOR UNION

official Venezuela News

The leaders of the 18 signatories of the Energy Agreement PetroCaribe, who are meeting at the Summit in Managua under the theme "Energy for Union" in its Final Declaration agreed to strengthen the areas of transportation, production chain, tourism, trade and march towards a social-cultural integration.

It was determined to optimize and expand the productive capacities of the organization and creating socioeconomic spaces between member countries.

The member countries of PetroCaribe are: Antigua and Barbuda, Bahamas, Belize, Cuba, Dominica, Granada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Nicaragua, Dominican Republic, St. Kitts and Nevis, Saint Vincent and the Grenadines, St. Lucia, Surinam and Venezuela.

PetroCaribe Summit

NEW REFINERY IN NICARAGUA
"We will build a refinery in Nicaragua" confirmed the Minister of Energy and Petroleum of Venezuela, Rafael Ramirez, who in his speech explained that they already have established a system of transportation, storage and refining themselves: "We have a refining capacity ... of 135 thousand barrels/day of oil, with the activation of the Camilo Cienfuegos refinery in Cuba, participation in the Refinería Dominicana de Petróleo S.A. (Refidomsa) and PetroJam in Jamaica" and "today we are developing new refinery projects, both in Cuba and in Nicaragua".

Eight years after the initiation of this Energy Cooperation Agreement with social approach, as described by host President Daniel Ortega as a "group of countries that have opted for the path of the fair trade, which takes into account the existing disparities between the economies of the various nations and that does not affect neither the dialogue, cooperation nor the joint search for solutions”, presents a really positive balance: there have been 13 joint ventures - 10 in the oil sector, 1 petrochemical, 1 transport and 1 for food - with a joint employment for 3,623 people. In the period of 2005-2013 there have been supplied to the signatories a total of 232 million barrels of oil, covering 42 percent of its energy needs, ensuring safe and reliable supply for these countries.

The Summit decided to hold a next Ministerial Council in Haiti, which will present a series of initiatives among which are the creation of PetroCaribe Economic Zone, with the goal proposed by Venezuelan President Nicolas Maduro, to turn it, in addition to an economic zone for common development, into a space free of poverty, where illiteracy will be eradicated, ensuring appropriate health care for the needy and an integral plan for nutrition. Also it will be discussed to improve communications via air traffic through an agreement between Liat and Conviasa airlines. These initiatives will be taken to the IX Summit of Heads of State to be held in the island of Dominica.