El Salvador formalizes Petrocaribe membership
Salvadoran President Salvador Sánchez Ceren formalized his country's application to become a member of the Venezuelan-led oil alliance Petrocaribe.
Being a member of the alliance gives El Salvador access to preferential oil prices and financing for social programs.
Venezuela supplies a total of 105,000 barrels of oil to member countries, and in nine years it has financed $15 billion, Petrocaribe president Bernardo Ivarez said.
Full story (in Spanish)