Dominica
begins work on plant to hold Petrocaribe fuel
Trinidad Express
ROSEAU,
Dominica
Petroleumworldtt.com
11 12 06
Workers have started construction of a fuel storage
plant in Dominica under a fuel pact bringing Venezuelan
oil to Caribbean countries, a Government statement
said.
Ground
was broken last week to construct a plant with five
tanks to store gasoline, diesel and jet fuel under
Venezuela's Petrocaribe oil initiative. A tank to
store liquefied petroleum gas will also be built
on the seven acres (3 hectares) of undeveloped land
just north of the capital of Roseau, the Government
announced.
Venezuela
shipped the components of the fuel tanks to the
small island months ago, but the tanks sat in pieces
on the docks because Dominica had not found a suitable
place to build the plant.
Construction
of the storage facility, which is to be completed
next year, was expected to provide jobs for hundreds
of islanders.
Under
the Petrocaribe agreement, Dominica and 13 other
Caribbean countries pay only part of the bill for
Venezuelan fuel up front and can finance the rest
over 25 years at low interest. The Government of
Hugo Chavez provides tanks, docking facilities and
other infrastructure and has said they will accept
goods such as rice or bananas as partial payments.
Dominica,
which hasn't received any fuel under Petrocaribe,
signed an agreement with Venezuela's state oil company
in late June to form a joint company to oversee
the fuel shipments.
Trinidad
Express
Wednesday, November 8th 2006
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