Chicokid
October 26, 2007, 10:24 PM
ST. GEORGE'S, Grenada - Grenada received about 20,000 barrels of subsidized Venezuelan diesel on Thursday, part of an initiative by Venezuelan President Hugo Chavez that supplies low-cost fuel to more than a dozen Caribbean nations.
The shipment is the first Grenada has received since signing Venezuela's Petrocaribe accord, a 2005 supply agreement with Venezuela's state oil company, which promises the southern Caribbean island 340,000 barrels of gasoline, fuel oil and diesel a year.
This week's shipment will be used by Grenada Electricity Services Ltd., the sole power company on the tropical island of nearly 90,000 inhabitants.
Read more Here (http://www.msnbc.msn.com/id/21480956/)
The shipment is the first Grenada has received since signing Venezuela's Petrocaribe accord, a 2005 supply agreement with Venezuela's state oil company, which promises the southern Caribbean island 340,000 barrels of gasoline, fuel oil and diesel a year.
This week's shipment will be used by Grenada Electricity Services Ltd., the sole power company on the tropical island of nearly 90,000 inhabitants.
Read more Here (http://www.msnbc.msn.com/id/21480956/)