Guatemala withdraws from Petrocaribe
Tuesday, November 5, 2013
Guatemala has withdrawn from the Venezuelan-led Petrocaribe oil alliance after failing to negotiate favorable rates for purchases and financing.
Guatemala joined the 18-member group in May, seeking an interest rate of below 2 percent on its deferred purchases of Venezuelan oil.
"We did not get the benefits that the country hoped for," spokeswoman Karen Cardona said.
Source: Reuters