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President of Venezuela announces relaunch of Petrocaribe program in 2020

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Havana, Dec 14 (EFE). The president of Venezuela on Saturday announced the relaunch of the so-called Petrocaribe program, under which the country supplies oil to other Caribbean countries on favorable financing terms, in 2020.Nicolas Maduro, while speaking at the closing event of the 17th Bolivarian Alliance for the Peoples of Our America (ALBA) summit, said that his country would "relaunch the Petrocaribe project in the first half of 2020 with great vigor."He added that the project was fundamental for the energy security of Caribbean nations.The announcement comes amid mounting pressure on the Venezuelan oil industry from the United States, which has been increasingly imposing sanctions on the state-run PDVSA oil corporation, vessels and shipping companies that transport fuel from the company to Cuba. (Camera: FELIPE BORREGO)FOOTAGE SHOWS B-ROLL OF THE CLOSING EVENT OF THE 17TH BOLIVARIAN ALLIANCE FOR THE PEOPLE OF OUR AMERICA (ALBA) SUMMIT. CONTAINS B-ROLL OF CUBAN PRESIDENT MIGUEL DÍAZ CANEL. SOUND BITES: NICOLAS MADURO, PRESIDENT OF VENEZUELA. (IN SPANISHTranslation:(00:03:51.02 - 00:04:05.12) "We have decided to relaunch the Petrocaribe project with great force during the first half of the year 2020, which is a fundamental project of the definitive energy security of the Caribbean".

Added on the 15/12/2019 13:00:00 - Copyright : EFE Inglés

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