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Weekly Report - 01 April 2015 (WR-15-13)
VENEZUELA: Tracking Petrocaribe
There is ongoing speculation as to the future of Petrocaribe. Venezuela’s foreign minster Delcy Rodríguez paid a visit to St Kitts & Nevis on 31 March in support of bilateral relations. Among other things, she and the new prime minister, Timothy Harris, discussed energy cooperation accords under the auspices of Petrocaribe, and Rodríguez inspected the sites of new diesel storage tanks built under agreements with the Venezuelan fuel distributor PDV Caribe, a subsidiary of the state oil company, Pdvsa. Back in November 2006, the Basseterre government signed a fuel supply agreement under Petrocaribe for the delivery of 21,000 barrels per month of fuel and by-products including jet A1, diesel, fuel oil and asphalt.
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