Thursday June 12, 2025
  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast
Versión Español
PanAm Post
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
PanAm Post
No Result
View All Result

Home » Belize Gives Up Trying to Buy Venezuelan Oil after Multiple Defaults, Terminating PetroCaribe Alliance

Belize Gives Up Trying to Buy Venezuelan Oil after Multiple Defaults, Terminating PetroCaribe Alliance

Sabrina Martín by Sabrina Martín
September 19, 2017
in Belize, Central America, Economics, Featured, International Relations, News Brief, Politics, South America, Venezuela
FacebookTwitterTelegramWhatsapp
belice - petrocaribe - pdvsa
Alba PetroCaribe Belize Energy Limited (Apbel) released a statement this week announcing the termination of its long-standing agreement with Venezuelan state oil company PDVSA. (Twitter)

EspañolThe government of Belize has decided to suspend its purchase of petroleum from Venezuela due to “inconveniences” caused by continuing defaults.

Alba PetroCaribe Belize Energy Limited (Apbel) released a statement this week announcing the suspension of its long-standing agreement with Venezuelan state oil company PDVSA. Belize’s oil company said that the decision to stop the program came after a “consultation with the government of Belize.”

RelatedArticles

CNN Fake News: The Network’s Efforts to Justify Its Actions May Be Worse than Its Actual Flawed Reporting

CNN’s audience in 2024 was the lowest in its history

December 21, 2024
The silence of the Democrats will be the main course on Thanksgiving

The silence of the Democrats will be the main course on Thanksgiving

November 28, 2024

Apbel has reportedly had ongoing problems with PDVSA, which has struggled to maintain a constant supply of oil products. That has often forced Belize to make last-minute arrangements, in addition to causing a spike in prices.

  • Read More: Socialism Destroyed Venezuela’s Economy: Oil Prices Are Just the Cherry on Top
  • Read More: Negotiations Underway in Cuba to Force Venezuelan Dictator Out

“We have been informed by PDVSA that they have sometimes had to buy from the spot market in order to fulfill their commitments with us,” Apbel said in a statement. “This is definitely not what was planned by the PetroCaribe program. We are very grateful to the Bolivarian Republic of Venezuela and PVDSA for all they have been trying to do to deliver on their promises under the PetroCaribe Program, but there is no point in forcing this arrangement under these circumstances.”

Petrocaribe is an oil alliance between many Caribbean countries and Venezuela allowing for the purchase of oil under preferential payment conditions. The alliance began in 2005. Eight years later, PetroCaribe agreed to collaborate with the Bolivarian Alliance for the Americas (ALBA) to promote economic cooperation beyond just oil.

Between 2007 and 2009, PVDSA delivered 457,680 barrels of refined petroleum products in 15 shipments, valued at more than US $41 million.

Source: The Gleaner.

Tags: PDVSA
Sabrina Martín

Sabrina Martín

Sabrina Martín is a Venezuelan journalist, commentator, and editor based in Valencia with experience in corporate communication.

Related Posts

CNN Fake News: The Network’s Efforts to Justify Its Actions May Be Worse than Its Actual Flawed Reporting
Ideology

CNN’s audience in 2024 was the lowest in its history

December 21, 2024
The silence of the Democrats will be the main course on Thanksgiving
Culture

The silence of the Democrats will be the main course on Thanksgiving

November 28, 2024
These are the 21 individuals sanctioned by the U.S. for fraud and repression in Venezuela
Elections

These are the 21 individuals sanctioned by the U.S. for fraud and repression in Venezuela

November 27, 2024
Yamandú Orsi, from the leftist Frente Amplio, wins the Presidency of Uruguay
Elections

Yamandú Orsi, from the leftist Frente Amplio, wins the Presidency of Uruguay

November 24, 2024
Can Socialism Compete “On Equal Terms” in the Field of Ideas?
Argentina

Can Socialism Compete “On Equal Terms” in the Field of Ideas?

November 20, 2024
"The people must come to an agreement," said Colombian President Gustavo Petro regarding the outcome of the elections in Venezuela, ignoring the fact that Venezuelans had already expressed themselves at the polls. (File photo)
Colombia

Petro Calls Venezuelan Elections a “Mistake”: What Lies Ahead for Colombia?

November 19, 2024
Next Post
Nicolás Maduro’s Rabbit Plan Won’t Save Venezuelans from Going Hungry

Nicolás Maduro’s Rabbit Plan Won’t Save Venezuelans from Going Hungry

Subscribe free and never miss another breaking story

  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast

© 2024 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact

© 2024 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Privacy and Cookie Policy.