Venezuela
ships oil to Nicaragua
Nicaragua's government
this weekend is
receiving 250,000
barrels of crude oil
from Venezuela worth USD
21 million, in the first
oil shipment this year,
Friday said Minister of
Energy and Mines Emilio
Rappaccioli.
The official explained
that the Venezuelan
crude oil would be
stored at Corinto port
and processed in Managua
refinery, as agreed two
months ago with US
multinational Esso
Standard Oil, an
affiliate of Exxon
Mobil, DPA reported.
Rappaccioli told a local
radio station that this
is the first oil
shipment in 2008, a year
when President Daniel
Ortega expects
Venezuelan oil sales to
amount to 10 million
barrels, according to an
agreement he initialed
with his Venezuelan
counterpart Hugo Chávez
under the Bolivarian
Alternative for the
Americas (ALBA).
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