Maduro announces the relaunch of the Petrocaribe program in 2020

The president of Venezuela, Nicolás Maduro, announced this Saturday the relaunching next year of the Petrocaribe project, which provides the Caribbean countries with Venezuelan oil in advantageous conditions such as soft prices and longer payment terms.

In a speech in Havana during the closing ceremony of the XVII Summit of the Bolivian Alliance for the Peoples of America (Alba), the president said he agreed to "relaunch the Petrocaribe project very strongly for the first half of 2020", which he described as "fundamental for the energy security of the Caribbean."

The announcement takes place at a time of maximum pressure from the United States on the Venezuelan oil industry by imposing sanctions on the state energy company PDVSA and the ships and shipping companies that transport fuel from that country, especially to Cuba.

Petrocaribe was created in 2005 at the initiative of the Venezuelan Government and in 2013 established links with Alba to go beyond oil and promote regional economic cooperation.

This program has been key to win the Bolivarian government the political support of the Caribbean countries benefiting from the initiative, especially in multilateral instances such as the Organization of American States (OAS).

Cuba also receives oil from Caracas at subsidized prices, although shipments have been substantially reduced in recent years in the wake of the Venezuelan crisis, which added to the economic problems of the island and the embargo and US pressure. on the shipping companies it has resulted in shortages in recent months.

In an unusually short intervention, Maduro said that the Alba summit was "a good day" in which "important resolutions" such as Petrocaribe's were passed and also the "Miracle Mission" social program that performs ophthalmological operations in disadvantaged countries.

"We have had to face difficult times," said the Venezuelan ruler, who added that "those in the north cannot understand that a noble feeling moves us, the love of our homeland ... We have done everything for love."

In addition to Maduro, in the closing ceremony of the Alba are the host president, Miguel Díaz-Canel; the president of Nicaragua, Daniel Ortega, and the prime minister of Saint Vincent and the Grenadines, Ralph Gonsalves.

He also joined the former Cuban president and leader of the Communist Party, Raúl Castro.

La Alba brings together, together with Venezuela and Cuba, Antigua and Barbuda, Dominica, Nicaragua, Saint Lucia, Saint Vincent and the Grenadines, Grenada and Saint Kitts and Nevis.

Ecuador withdrew last year because the government of current President Lenin Moreno does not support Alba's position in the face of the crisis in Venezuela and the protests in Nicaragua.

Bolivia did it a month ago by decision of the interim Executive who assumed power in that country after the resignation of Evo Morales, forced by the military.

The XVII Summit of the Alba was held almost mostly behind closed doors and approved a declaration denouncing the "American falsehood" of attributing responsibility to its member countries in popular protests in the region.

. (tagsToTranslate) Maduro (t) announces (t) relaunch (t) program (t) Petrocaribe

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