Guyana
still buying oil from Trinidad
Trinidad Express
GEORGETOWN
Petroleumworldtt.com
03 04 07
Guyana will buy only half of the oil offered by
Venezuela under a deal with preferential terms,
and will still make purchases from Trinidad.
Guyana
will buy about 5,000 barrels per day from its South
American neighbor, rather than the 10,000 barrel
quota allocated under Venezuela's regional Petrocaribe
deal, the director of the national energy agency,
Joseph O'Lall, said last week.
The
government is not willing to put all its "eggs
in one basket," O'Lall told the Stabroek News.
Oscar
Clarke, general secretary of the main opposition
People's National Congress, said "it is best
not to get all your supplies from one source in
the event of eventualities."
Guyana
expects its first shipment of 5,000 barrels from
Venezuela in May. Trinidad supplies Guyana with
the same amount per day.
Guyana
is one of 14 Caribbean countries in Venezuela's
regional Petrocaribe program, under which they receive
preferential terms to buy oil. As part of the deal,
Venezuela helps fund the building of infrastructure
needed to receive and distribute the fuel.
Petrocaribe
is widely seen as a bid by President Hugo Chavez
to make inroads in the Caribbean, where the United
States is a major trading partner. Chavez, long
at odds with Washington, calls Petrocaribe an alternative
to US-backed trade deals.
Trinidad
Express
Wednesday, February 28th 2007
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