Saint Lucia, Venezuela Sign Petrocaribe Joint Venture Agreement

The Petrocaribe Joint Venture Agreement was signed on Tuesday afternoon in Castries, the capital of Saint Lucia. It seeks to enhance trade and ease of doing business in the areas of customs, transportation and operations for Petrocaribe projects. The signing ceremony took place at the Office of the Prime Minister and was witnessed by representatives of both countries. Saint Lucia joined the Venezuela-backed regional integration ALBA and Petrocaribe bodies in 2013, making it possible for the country to receive a regular supply of petroleum products from Venezuela at highly concessionary terms. More…