Americas News
Chavez promises Nicaragua 200-year oil supply
Jan 13, 2007, 2:00 GMT
Managua - Venezuelan President Hugo Chavez Friday promised his Nicaraguan counterpart a 200 year supply of oil.
The announcement came at the end of Chavez's three-day-long visit for the inauguration of Nicaraguan President Daniel Oretega and for diplomatic and economic talks.
Venezuela will supply Nicaragua with 10,000 barrels of affordable oil per day, and build a refinery and 32 power stations that will produce 80 megawatts of electricity.
'The oil that Nicaragua will need for the coming 200 years lies in Venezuela,' Chavez said.
Ortega on Thursday officially joined Venezuela's leftist regional coalition, the Bolivarian Alternative for the Americas (ALBA).
ALBA was devised by Chavez, an outspoken US critic,as an alternative to US efforts to develop a Free Trade Area of the Americas (FTAA.)
However, Ortega had earlier stressed that Nicaragua will abide by the Central American Free Trade Agreement (CAFTA) with the United States, though he said the treaty contains what he called 'asymmetries' that do not benefit all of Nicaragua.
Agreements between the countries also cover agriculture, housing, health and education.
© 2007 dpa - Deutsche Presse-AgenturCOMMENT
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Older Talkback
page: 1
Is the US government paying attention to what is going on in Latin America? Soon there will be a canal across Nicaragua to allow drugs, weapons, and Nukes to flow freely between China/N.Korea and Venezuela in exchange for oil. This is why he is supply everyone with free oil.
Chavez has a diabolical hatred for America and will not stop until every American is wiped of the face of the Earth! He just met with the Dictator of Iran and is joining forces to speed up armmegedon. He will try his best to destroy America!
Wake up America! You are looking at the end of the world!
I hope that I am wrong.
You are dumb
page: 1
Chavez to Live 200 Years.Jan 13th, 2007 - 20:38:35
He probably thinks we'll use oil for another 200 years. Does anyone else see this lemon for what he is?
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