The tide of Chavez petroleum drags Costa Rica with it.

The drop in petroleum prices does not lessen Arias' intention to join PetroCaribe.

Tuesday, November 11, 2008

The PetroCaribe project created by Hugo Chaves in 2005 known as the "Alba energy platform" is about to gain a new member. Costa Rica has formally asked to join inspired by the payment terms that Caracas offers its 18 members in Central America and the Caribbean. Not even the international petroleum price drop has affected the Arias Government's interest and they will be given membership in December.

"It's urgent" said Arias on Friday. This is the same leader who only a year ago said Chavez' internal machinations "negated democracy". The speech criticized the Bolivian project and its allies. However, he has since changed and last September he had switched; "Caracas is four or five times more generous than the United States, said Costa Rica's President during a press conference at the European Union -- but no one asked him to tone down his remarks.

More on this topic

Funes: "Alba NO, Petrocaribe YES "

April 2012

President Mauricio Funes admitted the possibility that El Salvador will enter into an oil agreement with Venezuela and Caribbean nations in order to purchase fuel under more favourable payment terms.

At the same time as making a statement on these issues, Funes said that in principle, he is not think about joining the Alba, an international association of a political nature whose true head is the President Hugo Chavez.

Honduras Could Reinstate Petrocaribe

May 2011

The country could return to Petrocaribe for its fuel purchase on credit, but not to the ALBA.

The minister of planning and external cooperation, Arturo Corrales said that the deal has already been signed (in 2008) and its just a matter of reactivating the mechanism.

The minister referred to the words of President Porfirio Lobo, "Petrocaribe is a commercial mechanism, strictly commercial, Alba, a political mechanism, No to the Alba ..., Yes to Petrocaribe."

Leaning left

October 2008

Honduras joins the Bolivarian Alternative for American Countries, a club promoted by Venezuela and Cuba.

On October 9th the Honduran Congress ratified the country’s membership in the Alternativa Bolivariana para los pueblos de nuestra América (ALBA, Bolivarian Alternative for American Countries), a regional grouping promoted by Venezuela and Cuba.

Costa Rica eyes PetroCaribe

July 2008

Costa Rica will send observers to next Sunday's meeting of PetroCaribe members to explore the possibility of joining this initiative.

Foreign Affairs Minister Bruno Stagno and Environment and Energy Minister Roberto Dobles will lead a Costa Rican delegation to Maracaibo for the meeting.

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