Honduras Considers
Joining Petrocaribe
Honduras' entry into the
Latin American energy
cooperation initiative
PETROCARIBE is under
analysis by its
unicameral National
Congress for approval
Monday.
Honduran Presidential
Minister Enrique Flores
said that the Executive
offered to send
authorities from the
Honduran Central Bank
and the Finance
Ministry, among others,
to the congressional
analysis.
"We are convinced that
Petrocaribe is
completely beneficial
for the people of
Honduras," said Flores,
who regarded the
proposal of Venezuelan
President Hugo Chavez
Frias as an opportunity
for Honduras to pay for
fuel with goods and
services.
Petrocaribe makes it
possible for poor
countries without their
own fuel sources to
receive oil at
preferential prices and
soft financing
conditions.
Honduras was accepted as
the 17th member country
in Petrocaribe, which
was founded in 2005,
during the fourth
Petrocaribe Summit. |
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