EL UNIVERSAL
CARACAS, Monday September 25, 2006 | Update
Pdvsa supplies 50 percent of oil demand in the Caribbean
Oil consumption in Caribbean countries amounts to 417,000
bpd, while Venezuelan state-run oil holding Pdvsa supplies
201,000 bpd to the region.
Based on figures on Pdvsa oil supplies to Petrocaribe member
countries, Venezuela is only meeting half of oil and by-products
requirements in this region.
Therefore, these islands have to resort to other markets
to meet their demand, but Venezuela offers favorable discounts.
Former Pdvsa managers carried out a survey showing that Petrocaribe
member countries such as Jamaica, Dominican Republic, Saint
Vincent and the Grenadines, Haiti and Dominica are given discounts
of USD 14.71 per barrel, while discounts to Cuba amount to
USD 7.40 per barrel.
On the Cover
Bases of discord
04:17 PM. Western Hemisphere. "Damned empire; I curse you one thousand times; some day you will be finished off and wrecked. I curse you one thousand times, empire." This is the least that President Hugo Chávez has uttered to refer to the US government. In urging the Bolivarian Armed Forces to prepare for war, he said that a US raid on Venezuela through Colombia would trigger and spread over the region "the 100-year war."
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