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Honduras analyzes possible purchase of Venezuelan oil

Honduras, Venezuela, petróleo, Petrocaribe

Honduras analyzes possible purchase of Venezuelan oil

Tegucigalpa, Mar 9 (Prensa Latina) The National Congress of Honduras would support on Wednesday a possible decision by President Xiomara Castro, of the Liberty and Refoundation (LIBRE) Party, to purchase oil from Venezuela through Petrocaribe.
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According to LIBRE legislator Rasel Tome, the decision is in the hands of the executive, which is in charge of the international policy and also formed by the presidential appointees: Salvador Nasralla, Doris Gutierrez and Renato Florentino Pineda.

The congressman recalled a similar management undertaken by former President Manuel Zelaya, in office from 2006 to 2009, when he lowers fuel prices, thanks to the agreements with the regional bloc and warned how the conflict between Ukraine and Russia raises fuel costs.

After the coup d’Etat against Zelaya, Bolivarian leader Hugo Chavez proposed to the former Honduran leader in 2010 to lead the so-called Petrocaribe Political Council, an energy cooperation initiative promoted by the South American nation.

Under the energy agreement, boosted since June 2005, Venezuela has delivered fuel to the partners of the initiative through preferential conditions, long-term loans and partial payments with services or goods, and has built refineries, oil pipelines and hydroelectric power plants.

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