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Wednesday 13 August 2008, San José, Costa Rica 

Costa Rica to Join Petrocaribe
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Costa Rica to Join Petrocaribe
Costa Rica is speeding up preparations to sign the agreements required to join Petrocaribe, because the next summit of that integration mechanism is scheduled for October or November, according to official sources.

Executives from Petroleos de Venezuela S.A. (PDVSA) and diplomats from that country, who gathered at facilities of Costa Rican state refinery, Refinadora Costarricense de Petroleo (RECOPE), said the regional summit, originally scheduled for December, would be held earlier, Ministro de Ambiente y Energia (Environment and Energy Minister) Roberto Dobles said.

During the meeting, held on Monday, the two parties agreed that Costa Rica would sign a bilateral agreement with the government of President Hugo Chavez and a multilateral accord with the member countries of Petrocaribe.

They also agreed to promote a fuel-supply contract between RECOPE and PDVSA, and multilateral and bilateral meetings will begin soon, the minister added.

Dobles expressed confidence that the three agreements will be signed on time. "That is why we are accelerating the pace to be ready for the Summit," said the minister, quoted by the newspaper.

Participants in the meeting reviewed the conditions and benefits of Petrocaribe, exchanged opinions on Costa Rica's energy situation and analyzed aspects of cooperation and joint projects.

The two parties are interested in exploring Costa Rica's oil and gas reserves due to the rapid exhaustion of those resources worldwide, said Dobles, adding that RECOPE and China National Petroleum Corporation signed a similar agreement in 2007.

The second meeting between Venezuelans and Costa Ricans will be held two weeks from now in Caracas, Dobles announced.
 
 

 

 

 
 

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