Petrocaribe is an oil alliance of many Caribbean states with Venezuela to purchase oil on conditions of preferential payment. The alliance was launched on 29 June 2005 in Puerto La Cruz, Venezuela. In 2013 Petrocaribe agreed links with the Bolivarian Alliance for the Americas (ALBA), to go beyond oil and promote economic cooperation. ==Treaty deta...
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http://en.wikipedia.org/wiki/Petrocaribe
(from the article `Dominica`) ...began exploratory talks in January with Venezuela concerning the building by Caracas of a small $80 million, 1,600 bbl-per-day refinery in the ... Also in June, Venezuela granted Grenada 340,000 bbl per year of refined oil products under the deferred-payment system administered through the ... ...Fina...
Found on
http://www.britannica.com/eb/a-z/p/51
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