Venezuela Cuts Oil Shipments to Dominican Republic***CARACAS, Venezuela (Reuters) - Venezuela said on Friday it had suspended oil shipments to the Dominican Republic because traders handling them were involved in an alleged conspiracy to overthrow President Hugo Chavez. "Conspiracy plans have been detected against the (Venezuelan) government, which use the Dominican Republic as a base to attack the democratic system of our country," Energy and Mines Minister Rafael Ramirez told a news conference in Caracas. He said the plot involved private traders and companies that had been shipping more than 100,000 barrels per day of Venezuelan oil to the Dominican Republic under a regional supply agreement.
"In defense of our country's democracy and sovereignty, the government has decided to end this relationship," Ramirez said. He declined to identify the oil traders in the alleged conspiracy. The Dominican Republic was getting about half of its oil from Venezuela. Now it will have to seek it elsewhere on less preferential terms.***