Wednesday, April 19, 2006

Oil and Gas: Haiti set to join Venezuela's oil club

Haiti is set join a Venezuelan oil pact that supplies Caribbean countries with fuel under preferential terms, President-elect Rene Preval said.
He made the announcement Tuesday following a five-day trip to Cuba, where he met with Fidel Castro to discuss Cuban aid - and back surgery.

He also met with Venezuela's ambassador to Cuba and discussed Haiti's wish to join the Petrocaribe pact, Venezuelan President Hugo Chavez's initiative to sell oil directly to Caribbean countries with generous financing.