Venezuela Ready to Sell Oil to Nicaragua
Venezuela reaffirmed its decision to help the Nicaraguan people overcome their severe energy crisis, seen in water and power cuts of eight hours.

Caracas Mayor Freddy Bernal recalled in Managua that Venezuela is ready to supply all the fuel needed to fill the deficit if official refusal yields.

He recalled that the government of President Hugo Chavez offered payment facilities of 25 years with just 1.0 percent interest at 40 percent of the current world oil price.

The Sandinista National Liberation Front has been a key promoter of this choice to benefit the people, who also suffer rising bus fares.

Dionisio Marenco, mayor of Managua and FSLN member, added that the program includes cooperation for oil storage between the domestic Alba Petroleos company and a Mexican joint venture.