PetroCaribe Initiative to resume
Black Immigrant Daily News
The content originally appeared on: NBC SVG
Prime Minister Dr. Ralph Gonsalves has confirmed that a decision has been made to resume the PetroCaribe Initiative.
The PetroCaribe arrangement, which was launched in 2005, allows participating countries to purchase oil from Venezuela at market value, paying a percentage of the cost upfront, with the balance being paid over 25 years at one per cent interest.
Prime Minister Gonsalves spoke on the issue, during the Closing News Conference, of CARICOM’s 43rd Regular Meeting of the Conference of the Heads of Government, hosted by Suriname.
https://www.nbcsvg.com/wp-content/uploads/2022/07/PETROCARIBE-RESUMES.mp3
Related
NewsAmericasNow.com
Advertisements
Leave a Reply
Want to join the discussion?Feel free to contribute!