April, 30, 2007
Another manifestation of Chavez's hatred of the U.S. and how quickly Venezuela is turning into a Marxist carbon copy of Cuba.
Hugo Chavez said Sunday that Venezuela hopes to gradually sell off its
refineries in the United States and build a new network of refineries
in Latin America, part of a plan to offer his leftist allies in the
region a stable oil supply.
also raised the idea of issuing a regional bond to raise funds for
social spending as he hosted a summit of the Bolivarian Alternative for
the Americas, or ALBA, a leftist bloc and trade group that includes
Venezuela, Cuba, Bolivia and Nicaragua.
proposed that we issue an ALBA bond. I hope that we can do it.... And
that we issue it here in Venezuela, like we did with Argentina, and
bring in $1 billion," said Chavez, addressing leaders Sunday on final
day of their talks. Chavez said the money acquired would be put in a
fund to provide credit for ALBA nations.
and other leaders signed accords for Venezuela to supply fuel under
preferential terms and join up with other countries for cooperative
projects in education, telecommunications, mining and other areas.
said Venezuela will guarantee to supply 100 percent of the energy needs
for ALBA members as well as Haiti. ALBA was created in 2004 by Cuba and
Venezuela as a counterproposal to U.S. backed free-trade plans.
said Venezuela eventually plans to help build a network of refineries
in Nicaragua, Haiti, Ecuador, Bolivia and Dominica, as well as
refurbishing Cuba's Cienfuegos refinery, to provide a stable supply of
oil — and the earnings it generates — to countries in Latin America.
noted that Venezuela's Citgo Petroleum Corp. has seven refineries in
the U.S. and said that "part of our plans is to sell those refineries."
special oil deals offered by Venezuela, ALBA member nations will be
able to finance 50 percent of the bill for fuel under low-interest
loans, and 25 percent of the total bill will go into a special "ALBA
Fund" to support local projects through loans, he said.
attending included Haitian President Rene Preval, Nicaraguan President
Daniel Ortega, Bolivian President Evo Morales and Cuban Vice President
Carlos Lage, as well as officials from Uruguay, Ecuador, Dominica, St.
Kitts and Nevis, and St. Vincent and the Grenadines.