[NYTr] Venezuela to Host PETROCARIBE Summit This Week
 
Date: Wed, 8 Aug 2007 18:15:02 -0500 (CDT)


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Agencia Cubana de Noticias (ACN)
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Venezuela to Host PETROCARIBE Summit This Week

Havana, August 7 (acn) The third Summit of PETROCARIBE, an initiative 
of energy cooperation promoted by Venezuela, will take place on August 
11th at the headquarters of the Venezuelan Ministry of Energy and the 
PetrC3leos de Venezuela company (PDVSA) in Caracas.

According to Prensa Latina news agency, representatives from 14 
countries will attend the meeting.

Thus far, the countries that have joined the group are Cuba, Antigua, 
Barbuda, the Bahamas, Belize, Dominica, Grenada, Guyana, Jamaica, 
Dominican Republic, Saint Kitts and Nevis, Saint Lucia, Saint Vincent 
and the Grenadines and Surinam.

According to a communiquC) released by PDVSA, the event will include a 
meeting of experts and a conference of Energy ministries to assess the 
march of the projects agreed upon and other activities.

The meeting is regarded by experts as an excellent opportunity to 
analyze the current situation of the world energy markets and their 
impact on oil importing countries.

Precisely, PETROCARIBE aims at eliminating asymmetries in the nations' 
access to energy resources using a fair, favorable and equitable model 
of exchange.

Since its foundation, PETROCARIBE has facilitated the creation of joint 
associations by some of these countries to work in the improvement of 
the infrastructure for the storage and distribution of oil and its 
derivatives.

 
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