Guatemala proposal to stick to Petrocaribe rejected

Venezuela has rejected the proposals offered by Guatemala for working within Petrocaribe.

Thursday, June 12, 2008

Guatemala's Minister of Energy and Mines, Carlos Meany, told local news media that the Venezuelan Government did not accept the proposal under which they would provide 30,000 barrels of oil per day to Guatemala to cover 40 percent of local consumption.
"Venezuela only offers to provide 10,000 barrels per day of oil," said Meany.
Under Petrocaribe, Venezuela agrees to provide oil to Central American and Caribbean countries under preferential financial terms.

More on this topic

After Chavez: Changes in Petrocaribe

May 2013

The conditions in Petrocaribe will never be the same: the new government of Venezuela will change preferential credit terms for the purchase of oil.  

This was explained by the Vice President of Guatemala Roxana Baldetti, who has already met with representatives of Petrocaribe.

Costa Rica negotiates terms for joining Petrocaribe

September 2008

By joining the energy accord known as Petrocaribe, the country would be buying more than 20,000 barrels of petroleum per day from Venezuela.

The increase in the purchase of crude oil will depend greatly on the expansion of the credit and payment terms by Venezuela before negotiations are concluded. This request should be sent in the next few days in an official note to Venezuela.

Petronic seeks to replace Esso in Nicaragua as chief oil importer

June 2008

Petróleos de Nicaragua (Petronic) has advised Congress it intends to become the main importer of crude oil through a preferential agreement with Venezuela.

Petronic officials estimate "that in the second half of the year it will become the most important importer of oil in Nicaragua, surpassing Esso for the first time," said Francisco Aguirre, president of the Economic Commission of Congress.

Negotiations remain stalled between Guatemala and Petrocaribe

June 2008

A delegation from Venezuela is expected to visit Guatemala in the coming weeks.

During last week's visit to Caracas of Finance Minister Haroldo Rodas and Energy and Mines Minister Carlos Meany, it was hoped that there would be progress in the negotiations for the nation to take part in the Petrocaribe program. However, Meany said that little was accomplished.

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