Tag: Petrocaribe

• Friday, January 22nd 2016 - 05:12 UTC

  Banks don't discard credit-short Venezuela will undergo a 'credit event' in 2016

  

  Slumping crude prices have investors and analysts warning of a potential messy default in Venezuela, with state-owned oil company PDVSA owing some US$10 billion in external debt payments due this year. With crude hovering around US$28 per barrel, Venezuela could have trouble satisfying its obligations.

• Friday, December 11th 2015 - 12:04 UTC

  Venezuelan subsidized oil sales to the Petrocaribe program on a tight rope

  

  If the newly elected Venezuelan National Assembly votes to cancel that country's program of subsidized oil sales to Caribbean and Central American nations, the United States will not be able to substitute U.S. oil for Venezuelan oil, a senior U.S. official warned this week.

• Tuesday, September 8th 2015 - 06:24 UTC

  Maduro pledges a comprehensive PetroCaribe plan spanning 2015/2025

  

  Venezuelan President Nicolas Maduro has pledged to build a comprehensive plan for PetroCaribe, in the next ten years, spanning 2015-2025.

• Friday, December 19th 2014 - 07:58 UTC

  New gameboard for Maduro after US-Cuba reconciliation

  

  Analysts agree that the Venezuelan president will need to put aside some of his anti-imperialist jargon and socialist practices to stay in play.

• Monday, November 24th 2014 - 07:44 UTC

  IMF monitoring impact of Venezuela's economic stress for Caribbean islands

  

  The International Monetary Fund (IMF) says it is monitoring the potential impact any changes to PetroCaribe, Venezuela’s oil alliance with several Caribbean islands will have on regional economies.

• Saturday, July 26th 2014 - 07:05 UTC

  Mercosur to consider forming an 'economic forum' with ALBA and Petrocaribe

  

  Uruguay's president Jose Mujica will be attending the next Mercosur presidential summit scheduled for Tuesday, 29 July in Caracas, when the creation of an economic forum Mercosur/ALBA/PetroCaribe will for consideration as part of the agenda.

• Friday, March 14th 2014 - 08:52 UTC

  Venezuela reassures fearful Caribbean allies about ALBA and PetroCaribe

  

  Venezuela said the current political unrest in the country poses no danger to the future of the Bolivarian Alliance for the Peoples of the Americas(ALBA) and the oil initiative PetroCaribe.

• Monday, September 2nd 2013 - 12:35 UTC

  Venezuela and Guyana agree to resume border dispute negotiations under UN umbrella

  

  Venezuelan President Nicolas Maduro ended a one-day visit to Guyana on Saturday in a move that strengthens the relationship between the two countries that have had a long standing border dispute. The two countries have agreed to ask the Jamaica-born academic, Professor Norman Girvan to continue as the United Nations (UN) Good Officer as they seek to settle their border dispute.

• Friday, June 28th 2013 - 12:26 UTC

  Petrocaribe: Central America and the Caribbean’s Energy Dilemma

  

  In the eve of the Managua summit which will focus on creating a new Economic Zone, Petrocaribe, the late Venezuelan president Hugo Chavez’s oil treaty, continues to play a vital role in the economic development of its 18 member states from the Central America and Caribbean region. But given the current political and economic climate in Venezuela, the question remains if Petrocaribe’s cheap oil is sustainable?

• Friday, January 11th 2013 - 08:55 UTC

  Declaration of Caracas pledges support for Venezuela in the international stage

  

  Presidents, Foreign ministers and representatives from 22 Latinamerican and Caribbean countries stamped their signatures to a declaration stating their commitment in support of Venezuela and its institutions in the international stage.