Honduras joins Venezuela-led energy security alliance

[Judi Lynn]

Honduras joins Venezuela-led energy security alliance
www.chinaview.cn 2008-01-28 09:51:38

MANAGUA, Jan. 27 (Xinhua) -- Honduran President Manuel Zelaya announced on Sunday that Honduras will join the Venezuela-led Petrocaribe initiative on Monday.

Petrocaribe was created in 2005 as a regional energy security alliance, through which Venezuela sells oil to Caribbean nations with flexible credit terms.

According to news reaching here, Zelaya told a Honduras radio station that Chavez had signed the agreement on Honduras' joining of the Petrocaribe at the closing session of the Bolivarian Alternative for the Americas summit in Venezuela's capital Caracas.

Honduran Foreign Minister Milton Jimenez would return to Tegucigalpa from Caracas with the signed document. "On Monday I will go ahead and sign it, so that it will then constitute a formal agreement between Honduras and Venezuela," said the president.

More:
http://news.bbc.co.uk/2/hi/americas/7208591.stm