Haiti: Preval Signs PetroCaribe Agreement with Venezuela · Global Voices
Alice Backer

Right after his inauguration yesterday, President Preval signed the PetroCaribe Agreement with Jose Vincente Rangel, Venezuela's Vice-President, reports (Fr) AlterPresse. According to the agreement, Venezuela will deliver 500 barrils of oil per day to the Haitian government who will resell to the private sector at market prices. PetroCaribe is a credit rather than a gift, explained Preval. “Miranda (Latin-American hero) created the Venezuelan flag in Jacmel [Haitian city] and he received Haiti's help via [then Haitian President and independence hero] Petion,”said Preval in his speech.  Vice-President Rangel said: “By this agreement, Venezuela repays a historic debt to Haiti, an eternal debt which constitutes the root of freedom and of the Venezuelan nation.”