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Venezuelan Coup Disrupting Oil to Cuba
yahoo.com ^ | May 16, 2002 - 11:14 PM ET | AP

Posted on 05/17/2002 4:13:40 AM PDT by Cincinatus' Wife

HAVANA (AP) - Venezuela has not yet resumed shipments of 53,000 barrels a day of oil that Cuba received before the failed April 11 coup against President Hugo Chavez, Basic Industry Minister Marcos Portal said Thursday.

"It is possible that it will be re-established in the coming months," Portal told a news conference.

Under an October 2000 agreement between Chavez and Cuban President Fidel Castro Venezuela was supplying the oil to Cuba on special terms, allowing it 15 years to pay and charging 2 percent a year interest on amassed debt.

Venezuela signed similar agreements with other countries in Central America and the Caribbean.

During the two days when Chavez briefly lost control, Venezuelan oil company officials announced a series of changes that included an end of oil shipments to Cuba.


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Foreign Affairs; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: castrowatch; communsim; latinamericalist
Fidel Castro - Cuba

Hugo Chavez - Venezuela

1 posted on 05/17/2002 4:13:40 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife
If the venezuelan people want to send a shipment to cuba, they should ship the corpses of chavez and his followers, including the hundreds of cuban infiltrators. I think venezuelan will have to go to war to save their nation from communism.
2 posted on 05/17/2002 6:31:41 AM PDT by gedeon3
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To: Cincinatus' Wife
Venezuela was supplying the oil to Cuba on special terms, allowing it
15 years to pay and charging 2 percent a year interest on amassed debt.

Gosh....I hate to break it to them, but that ain't no way to run a railroad.

3 posted on 05/17/2002 6:34:25 AM PDT by eddie willers
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To: eddie willers
I don't think Chavez expects Castro to pay. It's sort of an exchange. Chavez sends oil. Castro sends advisors.
4 posted on 05/17/2002 7:01:41 AM PDT by Cincinatus' Wife
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To: gedeon3
I think venezuelan will have to go to war to save their nation from communism.

Chavez's framented opposition needs to consider this and work together to get him out!
Many are trying to do this to avert more damage to the country.

5 posted on 05/17/2002 7:03:44 AM PDT by Cincinatus' Wife
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To: *Latin_America_list;*Castro Watch
Check the Bump List folders for articles related to and descriptions of the above topic(s) or for other topics of interest.
6 posted on 05/17/2002 8:50:44 AM PDT by Free the USA
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