Google
 
Web Expat-Village.com

Last Updated: Dec 21st, 2007 - 12:38:06  

Main News 
 
 Expats in Venezuela
  Contact Us
  Iain Williams - 'Your Humble Social Dictator' in Caracas
 
 News Section
  Venezuela News
  Expat News
  World News
  USA News
  UK News
  Business, Economic and Financial News
  Caribbean & Latin News
  Sports News
  Top Sport News
  Formula 1
  Motoring News
  Archive News - Back in time
 
 What's On Rinconeers?
 
 What's On? - Caracas Activities and Social Events
  Caracas Hash House Harriers
  Rincon Gang Activities
 
 Features
  Caracas Cinema Listings
  Caracas Weather Forecast
  Horoscope for this week
  Joke of the day
  Entertainment News
  Recipe Of The Day
  Curry Dishes
  Oriental Dishes
  Salads
  Soups
  Venezuela / Caracas Security Alerts and Scams
  Venezuela and Caribbean Travel
 
 Caracas Venezuela Links
  British Embassy Caracas
  Caracas Clubs
  British and International Group
  Dentist Recommendation
  British Embassy Caracas - Alert Notices
  Venzuelan International Schools
 
 Rincon Computer Tips
  General
  e-Mail
  Security
  Windows
 
 Rincon Classified Ads
 
 Rincon Cyber Art Gallery

News Section : Caribbean & Latin News


Venezuela's Chavez to star at Cuba oil summit

 

Expat Village is edited and published by Iain Williams in Caracas, Venezuela.



A Miami Herald story by Herald Anita Snow at www.miami.com


 CIENFUEGOS, Cuba -- Venezuelan President Hugo Chavez and his nation's oil wealth - not Fidel Castro - will likely be the star attraction Friday as Caribbean leaders gather in Cuba for a regional oil summit.

The 81-year-old Castro, with his talent for energizing crowds, was always the central figure at such regional events. But his place at the Petrocaribe summit will be taken by his dour younger brother Raul, who has headed Cuba's provisional government since Fidel underwent intestinal surgery in July 2006.

The elder Castro even indicated in an ambiguous statement earlier this week that he could be thinking about permanent retirement. Chavez discussed the summit with Castro during an "emotional and fraternal" 2 1/2-hour meeting Thursday, official media reported Friday.

Now the loquacious Venezuelan president is filling the rhetorical vacuum as he leads Petrocaribe, a group of 16 Latin American and Caribbean nations created as an alternative to Washington's unsuccessful Free Trade Area for the Americas.

Venezuela provides about $5 billion to the region annually through long-term preferential financing under Petrocaribe and other similar initiatives, according to Chavez, who promotes the pact as part of a larger effort to create a "confederation of republics" from Argentina to Cuba independent of U.S. influence.

Chavez will also restart an oil refinery Friday that his country helped Cuba renovate after it was left idle following the collapse of the Soviet Union, the latest evidence of how Venezuela has replaced the support Cuba once enjoyed from Moscow's communist government.

With Venezuela's assistance, more than $136 million in improvements have been made to the refinery, which will employ 1,200 people when fully operational.

Largely idle since the Soviet Union's collapse ended billions of dollars in annual subsidies to Cuba, the refinery is expected to process 65,000 barrels of crude daily and then increase capacity, eventually pushing Cuba's overall daily production to more than 100,000 barrels a day.

Outside the refinery's main gates late Thursday, officials set up more than 2,000 plastic chairs and a stage for Friday's early evening ceremony following the daylong summit to discuss petroleum deals to benefit smaller countries in the region.

The refinery's towering gray smokestack, painted with red and white stripes, loomed in the distance. The Cuban press reported that it is the island's tallest, measuring 630 feet.

Venezuela, the fourth-largest supplier of crude to the United States, also sends nearly 100,000 barrels of subsidized oil a day to Cuba. In exchange it gets social services, including thousands of Cuban doctors who treat poor patients in the South American nation. Fidel Castro recently wrote that overall annual trade with Venezuela has reached $7 billion.

Dissident economist Oscar Espinosa Chepe wrote in an essay distributed to international journalists this week that Chavez's recent failure to persuade Venezuelans to let him run for re-election indefinitely should serve as a warning that Cuba needs to become more economically independent.

"If the (Cuban) government loses Venezuela, it will have no where else to turn," he wrote.

Top leaders from 12 countries from around the region are expected including Chavez and Raul Castro.

Presidents Daniel Ortega of Nicaragua, Rene Preval of Haiti and Leonel Fernandez of the Dominican Republic, were attending as well as the leaders of Antigua and Barbuda, Belize, Dominica, Guyana, St. Kitts and Nevis, St. Vincent and the Grenadines, and Jamaica.

Lower-ranking officials from Barbados, Trinidad and Tobago, Honduras and Guatemala were attending the sessions as observers.

Click here for more Venezuelan news

Expat Village is edited and published by Iain Williams in Caracas, Venezuela.




© Copyright 2003 by Expat-Village.com
[an error occurred while processing this directive]
Top of Page


Hosted & Managed by: