Guatemala Inks PETROCARIBE Deal
Guatemala -
Guatemala signed an energy cooperation
agreement with PETROCARIBE, resulting in
20,000 barrels of oil daily.
Guatemalan Vice President Rafael Espada and
Venezuelan President Hugo Chavez signed the
deal during the PETROCARIBE Summit in St.
Kitts and Nevis.
"The investment the country is making in
this century of economic crisis is an
undoubtedly favorable and constructive
negotiation for Guatemala," Baseterre told
Telesur.
The government had designated the ministers
of energy and public finance to implement
the agreement, but the model of the
operative contract must be recognized by
Congress.
"Solidarity cooperation is indispensable to
achieve mutual socioeconomic development
goals, in at atmosphere of peace and
justice," the document reads.
The contract will take effect when the two
sides accomplish their internal legal
requirements. |
