The strategies for El Salvador to enter into Petrocaribe include the creation of a state run company for importing and marketing petroleum products.
Elmundo.com.sv reports that "José Luis Merino , FMLN leader and senior advisor to Alba Petroleos in El Salvador, says the party does not have an agreement model to join Petrocaribe, in the case that they win the presidential election next year. "
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. "Back then, the conditions were the sale of up to 20 thousand barrels per day, of which 40% of the value would be paid in 90 days and the remainder within 25 years, with a rate of 1%. Same as offered to Honduras, reported Laprensa.hn.
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.