EL SALVADOR announced yesterday that it had joined Petrocaribe, the Venezuelan energy subsidy programme that gives access to cut-rate oil.
The Foreign Ministry said that the Central American nation, which has no oil assets of its own, had joined after Petrocaribe member-state energy officials gave the green light.
The accession papers were signed Monday by President Salvador Sanchez Ceren, a former left-wing guerilla, who took office on Sunday as candidate of the Farabundo Marti National Liberation Front.
Through Petrocaribe, Opec-member Venezuela sells about 100,000 barrels of oil a year worth about four billion dollars.
It takes payment of half that in cash and the rest in goods and services, mainly food.
Petrocaribe consists of Antigua and Barbuda, the Bahamas, Belize, Cuba, Dominica, the Dominican Republic, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Nicaragua, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Suriname and Venezuela.
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by joining the 501 club.
Just £5 a month gives you the opportunity to win one of 17 prizes, from £25 to the £501 jackpot.
By becoming a 501 Club member you are helping the Morning Star cover its printing, distribution and staff costs — help keep our paper thriving by joining!
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by become a member of the People’s Printing Press Society.
The Morning Star is a readers’ co-operative, which means you can become an owner of the paper too by buying shares in the society.
Shares are £1 each — though unlike capitalist firms, each shareholder has an equal say. Money from shares contributes directly to keep our paper thriving.
Some union branches have taken out shares of over £500 and individuals over £100.
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by donating to the Fighting Fund.
The Morning Star is unique, as a lone socialist voice in a sea of corporate media. We offer a platform for those who would otherwise never be listened to, coverage of stories that would otherwise be buried.
The rich don’t like us, and they don’t advertise with us, so we rely on you, our readers and friends. With a regular donation to our monthly Fighting Fund, we can continue to thumb our noses at the fat cats and tell truth to power.
Donate today and make a regular contribution.