Multilateral Meetings

Upon approval by the dignitaries attending the multilateral meeting, the head of state instructed the Ministers of Energy of the member countries conducting A preliminary study. "This would also ensure the supply for 50 years as reserves in each block are estimated at between 10 and 20 billion barrels of oil," said the Venezuelan president. The block would be in charge of a company Grannacional and quantities of oil to be extracted will be exported to various refining and distribution centers that have Petrocaribe in Jamaica, Cuba and Dominica, among other countries, to meet the demand for crude and products in the Caribbean and Central America. He also argued that those countries who have no experience in the energy field, Venezuela send young students to prepare and to organize its state oil company. To this is added as indicated by the Bolivarian Agency that President Chavez announced at the V Summit of Petrocaribe, that the consumption of urea in the region amounts to more than 200 thousand tons per year therefore emphasized the need further work planned for the construction of fertilizer plants in Nicaragua, Dominica and Cuba, to meet the demands of the Caribbean arc. Based on this figure, "we must establish bilateral agreements within the framework of Petrocaribe" he said, in order to address the shortage of fertilizers that affects some signatory countries, which affects food production. In this sense, President Chavez said, currently plans to build three fertilizer plants, one in Nicaragua, near the refinery El Supremo Sueno de Bolivar, one in Dominica, and finally in Cuba, next to the Refining Complex Cienfuegos.

"Think of consumption in the region. Since we carry urea Cuba to Haiti, and from Dominica you can bring the neighbors. That is, distribute the socio structure. " Earlier, the Venezuelan leader announced that Venezuela will supply an estimated 100 thousand tons per year of urea, to address the serious problems in this area affecting the Caribbean and Central America, mainly.