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CUBAN ECONOMY HURT BY SUSPENSION OF VENEZUELA OIL SHIPMENTS UNDER 2000 AGREEMENT

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/11026

CUBAN ECONOMY HURT BY SUSPENSION OF VENEZUELA OIL SHIPMENTS UNDER 2000 AGREEMENT

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dc.contributor.author NotiCen writers
dc.date.accessioned 2010-07-27T00:45:35Z
dc.date.available 2010-07-27T00:45:35Z
dc.date.issued 2002-06-13
dc.identifier.uri http://hdl.handle.net/1928/11026
dc.description.abstract The April 11 coup against Venezuelan President Hugo Chavez has had serious consequences for Cuba as coup leaders abruptly stopped scheduled shipments of oil to Cuba. Shipments did not resume after the collapse of the short-lived coup regime. Under an October 2000 agreement (Programa de Cooperacion Energetica), the Venezuelan state oil company Petroleos de Venezuela (PDVSA) was to ship 193 million barrels per year of crude and various derivatives for five years (see NotiCen, 2000-11-02). Cuba agreed to pay up to 75% in 90 days and the balance was to be financed over 15 years. The agreement originally allowed Cuba to pay part of the bill in goods and services, exchanging medical, sports, and tourism services and agricultural products for part of the oil shipments. The barter system was dropped in September 2001 and all exchanges were paid for in cash after that. Cuban authorities said the system was abandoned because it was too complicated. en_US
dc.language.iso en_US en_US
dc.subject Cuba en_US
dc.subject Venezuela en_US
dc.subject Oil en_US
dc.subject oil shipments en_US
dc.subject 2000 agreement en_US
dc.subject Hugo Chavez en_US
dc.subject Programa de Cooperacion Energetica en_US
dc.subject PDVSA en_US
dc.subject corrupt alliance en_US
dc.subject cheap en_US
dc.subject San Jose Pact en_US
dc.subject politics en_US
dc.subject USA policies en_US
dc.subject NAFTA en_US
dc.subject Cuba Mexico relations en_US
dc.subject Fourth Tuxtla summit en_US
dc.subject San Jose Pact en_US
dc.subject Caracas Pact en_US
dc.subject Cuba Venezuela agreement en_US
dc.subject Tribunal Supremo de Justicia en_US
dc.subject TSJ en_US
dc.subject National Assembly en_US
dc.subject PDVSA en_US
dc.subject Torricelli law en_US
dc.subject Democracy Act en_US
dc.subject Oil Daily en_US
dc.subject Pedro Carmona en_US
dc.subject CUPET en_US
dc.subject Cuba-Petroleo en_US
dc.subject Pebercan en_US
dc.title CUBAN ECONOMY HURT BY SUSPENSION OF VENEZUELA OIL SHIPMENTS UNDER 2000 AGREEMENT en_US
dc.type Article en_US


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