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Honduras and Guatemala join Venezuela's Petrocaribe

Monday, May 6, 2013

Venezuela's president says Honduras and Guatemala have been included in the Petrocaribe program, under which his country provides oil and natural gas on preferential terms.

President Nicolás Maduro made the announcement Sunday as he hosted a Petrocaribe summit bringing together Latin American and Caribbean leaders in Venezuela's capital.

Venezuela created Petrocaribe in 2005 to sell fuel to member countries more cheaply and help finance their oil infrastructure projects.

Source: Associated Press