Venezuela sends Colombia fuel to slow smuggling

Por Venezuela Real - 17 de Agosto, 2008, 17:28, Categoría: Política Internacional

The Associated Press
Miami Herald
August 17, 2008

CARACAS, Venezuela -- 
Venezuela's government said Sunday that it will ship gasoline to neighboring Colombia in an attempt to slow cross-border smuggling of cheap Venezuelan fuel.

Venezuela's Oil Ministry plans to send Colombia's Norte de Santander state at least 50,000 barrels (8 million liters) of oil a month starting Thursday and could double that supply, the state-run Bolivarian News Agency reported Sunday.

It was not immediately clear how much the gasoline would sell for in Colombia.

A top oil exporter, Venezuela sells subsidized gasoline at home for as little as $0.12 a gallon (US$0.03 a liter). That has encouraged smugglers to sneak cheap fuel across borders into Colombia and other nearby nations.

Venezuelan President Hugo Chavez and Colombian President Alvaro Uribe mended relations in a July meeting after months of sniping, and have since pledged joint projects including a railway linking the neighboring countries.





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