Subscribe free to our newsletters via your
. Energy News .




ENERGY TECH
Petrocaribe weighs Venezuela's post-Chavez oil diplomacy
by Staff Writers
Caracas, Venezuela (UPI) Jul 2, 2013


disclaimer: image is for illustration purposes only

The late Venezuelan President Hugo Chavez was known for lavishing gifts of cheap oil on neighbors sympathetic to either his populism or strident anti-American rhetoric.

With Chavez gone, many recipients of that largess are wondering if his successor, President Nicolas Maduro, will keep the aid, said to be worth millions of dollars, flowing.

Chavez died of cancer in March but his popular sway over Venezuela helped Maduro, the handpicked inheritor of Chavism, to win election.

Seen to be more pragmatic and less eloquent than his departed mentor, Maduro has wavered between bouts of Chavism and practical reforms as he battles an ill-concealed legacy of governmental neglect that has oil-rich Venezuela fighting to surface out of deep recession. It's a record matched only by crisis-ridden oil exporters of West Africa.

Can Maduro continue Chavez's generous oil diplomacy in the Caribbean and Central region the late firebrand founded as Petrocaribe, a loosely defined union of states dependent on Venezuela for cheap oil? This was a question paramount when the Petrocaribe region's leaders met in Managua, Nicaragua, in late June.

Venezuela supplied more than 100,000 barrels of oil each day to Petrocaribe member states in 2012, despite a gathering crisis in Caracas over Chavez's failing health. What's less clear is how much Venezuela got paid on terms ranging from long-term deferment of payment to oil prices below market trends.

At the Managua meeting, Venezuela led a call to expand Petrocaribe into an economic union with goals beyond the supply of cheap oil. At an earlier May summit in Caracas, Maduro said Petrocaribe could become a trade bloc to complement and not compete with other cooperation pacts already in existence.

Nicaraguan President Daniel Ortega said a number of working groups created at the summit would explore collaboration in areas "beyond the false concepts of free trade." Ortega said "with these steps we are attacking extreme poverty, creating a regional brotherhood with a trade zone to confront the problems facing Latin America and the Caribbean."

At the May summit, Venezuelan Oil and Mining Minister Rafael Ramirez called for expansion of Petrocaribe beyond its initial focus of providing oil to member states at favorable prices. It's a proposal that will allow member states to continue to strengthen Petrocaribe. Ramirez said.

A key question not discussed in public at the two summits was the proportion of cash contributions pledged by Venezuela and other member countries. Petrocaribe members include Antigua and Barbuda, the Bahamas, Belize, Cuba, Dominica, Dominican Republic, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, St. Lucia, St. Kitts and Nevis, Saint Vincent and the Grenadines, Suriname and Venezuela.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
China to reconsider shale target?
Beijing (UPI) Jul 1, 2013
China is likely to reconsider its target for shale gas development, says a Chinese energy sector expert. China's 12th five-year plan calls for natural gas to provide 8 percent of China's energy mix in 2015 and 10 percent in 2020. China, the world's top energy user, also aims to produce 6.5 billion cubic meters of shale gas a year by the end of 2015. "The lack of investment from ... read more


ENERGY TECH
Remote Norway islands added to national electric grid after blackout

Outside View: Obama's climate action plan masks hidden agenda

Extreme Energy, Extreme Implications: Interview with Michael Klare

Energy Companies Pull a Blackwater

ENERGY TECH
Exotic alloys for potential energy applications

Power for seaports may be the next job for hydrogen fuel cells

No more leakage of explosive electrolyte in battery

Petrocaribe weighs Venezuela's post-Chavez oil diplomacy

ENERGY TECH
Next step on King Island wind power project welcomed

Chile expands wind power resources

Policy issues plague hydropower as wind power backup

Renewable energy use gaining worldwide: IEA

ENERGY TECH
Thinner And Lighter PV From MIT

Sungrow After Its Share Of The US Inverter Market

KYOCERA and PV Systems Bring Solar Energy to Central Waters

Carnegie Mellon Researchers Find Wind and Solar Power Have Greatest Health and Climate Benefits in Eastern States

ENERGY TECH
Small fire at Japan crippled nuclear plant: TEPCO

Westinghouse Lauds Efforts Of US Government In Support Of New Nuclear Construction In India

Fukushima operator to ask for OK on reactor restarts

Japan gets first MOX nuclear shipment since Fukushima

ENERGY TECH
High-octane bacteria could ease pain at the pump

Novel Enzyme from Tiny Gribble Could Prove a Boon for Biofuels Research

A cheaper drive to 'cool' fuels

When green algae run out of air

ENERGY TECH
China plans to launch Tiangong-2 space lab around 2015

Twilight for Tiangong

China calls for international cooperation in manned space program

Shenzhou 10 Returns Safely To Earth

ENERGY TECH
Pakistan to miss out on climate change funding?

Researchers discover global warming may affect microbe survival

Obama says US can lead climate change battle

Australia to forge ahead on climate change?




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement