Wednesday, September 21, 2005

Venezuela Watch 9/21/05

Sandinistas in Venezuela oil deal
Sandinista leader Daniel Ortega said councils governed by the party would be able to buy oil at a 40% discount.

The rise of global oil prices has caused an energy crisis in Nicaragua which has led to power rationing.
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Under the deal announced by Mr Ortega, a Venezuelan-controlled company will be created in partnership with the municipalities. The company will transport, store and deliver fuel.

More than half of Nicaragua's councils are run by Sandinistas and could benefit from the cheaper oil.

Venezuela's Ambassador Miguel Gomez said he hoped similar schemes could be extended to other Central American countries.
From each according to his abilities, to each according to his need?