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Venezuela to Buy Two Tankers, Send Fuel to Argentina
http://www.bloomberg.com/apps/news?...r=latin_america
Aug. 11 (Bloomberg) -- Venezuela will buy two oil tankers from Argentina and swap as much as $200 million in diesel fuel for farm and industrial goods, as Venezuelan President Hugo Chavez seeks to expand his country's influence in Latin America.
The tankers, with a capacity of 300,000 barrels, will cost $112 million, the Argentine government said in a statement distributed by the presidential palace. Argentina needs the diesel to run electricity generators amid a shortage of natural gas. Venezuela this year also said it would buy as much as $500 million in Argentine bonds to help the country meet financing needs.
Chavez, who today met with President Nestor Kirchner, is tapping into a surge oil revenue to strengthen alliances in Latin America as a confrontation between his country and the U.S. escalates, said Sergio Berensztein, a partner at Poliarquia Consultores, a political consultant and pollster. International oil prices have almost tripled since January 2002.
``Chavez is taking advantage of oil prices to make inroads in its relation with regional leaders,'' said Berensztein in an interview. ``His presence in the continent has grown significantly.''
In April, Chavez ended a 35-year military training exchange program with the U.S., saying American soldiers criticized the government in front of Venezuelan soldiers, Associated Press reported. Last week, he ended Venezuela's cooperation with U.S. Drug Enforcement Administration because he said its agents were spying on his government.
Chavez alleges that the U.S. orchestrated a military coup that ousted him from office for two days in April 2002. U.S. officials deny the accusations.
Food Payback
Chavez, speaking at the presidential palace after the announcements, said he hopes Argentina will pay the diesel oil back with farm machinery to help Venezuela with needed food production.
Venezuela this year will buy as much as $500 million in Argentine Boden bonds, which President Nestor Kirchner plans to use to cancel similar bonds that mature this year.
``We are doing this out of responsibility,'' Chavez said.
Chavez announced plans to buy the Argentine bonds on March 2, saying ``it's a small sacrifice, but we'll do it because we know the weight of Argentina's debt, which is the fault of neo- liberalism.''
Venezuela has agreements to supply oil at preferential terms to countries including Uruguay, Paraguay, Argentina, Cuba and the Dominican Republic.
Chavez yesterday said Venezuela may help overhaul and expand a Uruguay oil refinery.
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Venezuela will guarantee Uruguay’s oil supply 4 nxt 25 years
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Venezuela will guarantee Uruguay’s oil supply for the next 25 years
www.vheadline.com/readnews.asp?id=45511
Mercosur Press Agency reports that Venezuela will guarantee Uruguay’s oil supply for the next 25 years as part of an energy deal that also includes providing fuel to other countries in the region.
"We are going to support our Uruguayan brothers and the government of President Tabare Vazquez; we are determined to broaden our relations and do business together," said President Chavez in Montevideo following the signing of several joint bilateral accords.
Venezuela to Buy Two Tankers, Send Fuel to Argentina
http://www.bloomberg.com/apps/news?...r=latin_america
Aug. 11 (Bloomberg) -- Venezuela will buy two oil tankers from Argentina and swap as much as $200 million in diesel fuel for farm and industrial goods, as Venezuelan President Hugo Chavez seeks to expand his country's influence in Latin America.
The tankers, with a capacity of 300,000 barrels, will cost $112 million, the Argentine government said in a statement distributed by the presidential palace. Argentina needs the diesel to run electricity generators amid a shortage of natural gas. Venezuela this year also said it would buy as much as $500 million in Argentine bonds to help the country meet financing needs.
Chavez, who today met with President Nestor Kirchner, is tapping into a surge oil revenue to strengthen alliances in Latin America as a confrontation between his country and the U.S. escalates, said Sergio Berensztein, a partner at Poliarquia Consultores, a political consultant and pollster. International oil prices have almost tripled since January 2002.
``Chavez is taking advantage of oil prices to make inroads in its relation with regional leaders,'' said Berensztein in an interview. ``His presence in the continent has grown significantly.''
In April, Chavez ended a 35-year military training exchange program with the U.S., saying American soldiers criticized the government in front of Venezuelan soldiers, Associated Press reported. Last week, he ended Venezuela's cooperation with U.S. Drug Enforcement Administration because he said its agents were spying on his government.
Chavez alleges that the U.S. orchestrated a military coup that ousted him from office for two days in April 2002. U.S. officials deny the accusations.
Food Payback
Chavez, speaking at the presidential palace after the announcements, said he hopes Argentina will pay the diesel oil back with farm machinery to help Venezuela with needed food production.
Venezuela this year will buy as much as $500 million in Argentine Boden bonds, which President Nestor Kirchner plans to use to cancel similar bonds that mature this year.
``We are doing this out of responsibility,'' Chavez said.
Chavez announced plans to buy the Argentine bonds on March 2, saying ``it's a small sacrifice, but we'll do it because we know the weight of Argentina's debt, which is the fault of neo- liberalism.''
Venezuela has agreements to supply oil at preferential terms to countries including Uruguay, Paraguay, Argentina, Cuba and the Dominican Republic.
Chavez yesterday said Venezuela may help overhaul and expand a Uruguay oil refinery.
=================================================
Venezuela will guarantee Uruguay’s oil supply 4 nxt 25 years
--------------------------------------------------------------------------------
Venezuela will guarantee Uruguay’s oil supply for the next 25 years
www.vheadline.com/readnews.asp?id=45511
Mercosur Press Agency reports that Venezuela will guarantee Uruguay’s oil supply for the next 25 years as part of an energy deal that also includes providing fuel to other countries in the region.
"We are going to support our Uruguayan brothers and the government of President Tabare Vazquez; we are determined to broaden our relations and do business together," said President Chavez in Montevideo following the signing of several joint bilateral accords.
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