By Odeen Ishmael
CARACAS, Venezuela, Fri. August 24, 2007: The third PetroCaribe summit, held in Caracas on August, 11, assessed the achievements in the Caribbean region’s energy integration over the past two years.
The attending Presidents and Prime Ministers and other heads of delegations agreed that progress has been made in the field of energy, and initiatives of a social character have benefited some of the poorest sectors in some of the countries. Attending the forum for the first time were the Presidents of Haiti and Nicaragua who formalized their nations’ membership of the 16-nation Caribbean Basin group initiated by Venezuela in 2005.
In addition, the summit, chaired by Venezuela’s President Hugo Chavez, implemented new measures to guarantee regional energy sovereignty through the signing of an Energy Security Treaty which promises energy security through reliable and timely supply from Venezuela and the increase in the fuel storage capacity. Read More
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