Authorities of Honduras and Petroleos de Venezuela S.A (PDVSA) met to prepare first purchases of Venezuelan oil within the framework of an initiative by Petrocaribe.
According the minister of the presidency, Enrique Flores, both parts define the programming, calendar, inspection and security of the project.
Through an agreement with Petrocaribe, Honduras foresees importing the entire amount needed for its thermal generators that produce 70 percent of electricity used in the country.
The agreement includes the purchase of 30 percent of the gasoline and gas of domestic use.
Imports will be 20 thousand barrels a day that have a price of 1.560 billion dollars payable in two years.
60 percent is payable in cash within the first 90 days and the remaining 40 percent is payable in 25 years with 24 months of grace and an interest of one percent.
According to Flores, with the credits about 345 million dollars derived from the purchase of fuel oil, small dams will be built, the state electricity company will develop and agricultural credits will be awarded that directly benefit the population.
Currently foreign transnational companies such as Texaco, Shell, Esso and the local Dippsa control the internal market of oil derivatives.
Asdrubal Chavez, PDVSA vice president and the ambassador in Tegucigalpa, Claudio Osorio, head the Venezuelan delegation.
The executive director of the Administrative Commission of Oil, Lucy Bu, the Energy minister, Rixi Moncada and international consultant, Robert Meyeringh, represent the Central American nation, for its part.
The agreement still needs Congressional approval that returned it to the president last Friday claiming formal errors in the text although it is expected to pass in an extraordinary session.
Petrocaribe is a cooperation agreement in energy proposed by the Bolivarian government of Venezuela to solve asymmetries in access to fuel through favorable, equitable and fair exchange among the nations of the Caribbean region.
Honduras was admitted to the cooperation pact of energy last December 22 during the 4th Summit of Petrocaribe held in Cienfuegos, Cuba.
According the minister of the presidency, Enrique Flores, both parts define the programming, calendar, inspection and security of the project.
Through an agreement with Petrocaribe, Honduras foresees importing the entire amount needed for its thermal generators that produce 70 percent of electricity used in the country.
The agreement includes the purchase of 30 percent of the gasoline and gas of domestic use.
Imports will be 20 thousand barrels a day that have a price of 1.560 billion dollars payable in two years.
60 percent is payable in cash within the first 90 days and the remaining 40 percent is payable in 25 years with 24 months of grace and an interest of one percent.
According to Flores, with the credits about 345 million dollars derived from the purchase of fuel oil, small dams will be built, the state electricity company will develop and agricultural credits will be awarded that directly benefit the population.
Currently foreign transnational companies such as Texaco, Shell, Esso and the local Dippsa control the internal market of oil derivatives.
Asdrubal Chavez, PDVSA vice president and the ambassador in Tegucigalpa, Claudio Osorio, head the Venezuelan delegation.
The executive director of the Administrative Commission of Oil, Lucy Bu, the Energy minister, Rixi Moncada and international consultant, Robert Meyeringh, represent the Central American nation, for its part.
The agreement still needs Congressional approval that returned it to the president last Friday claiming formal errors in the text although it is expected to pass in an extraordinary session.
Petrocaribe is a cooperation agreement in energy proposed by the Bolivarian government of Venezuela to solve asymmetries in access to fuel through favorable, equitable and fair exchange among the nations of the Caribbean region.
Honduras was admitted to the cooperation pact of energy last December 22 during the 4th Summit of Petrocaribe held in Cienfuegos, Cuba.
No comments:
Post a Comment