Mexico and Venezuela renew San Jose Accord

Aug 03, 2004 02:00 AM

Mexico and Venezuela renewed the San Jose Accord whereby the two oil producing nations supply a total of 160,000 bpd of crude to 11 Central American and Caribbean nations at discount prices.
The document was signed simultaneously in Mexico and Venezuela by Presidents Vicente Fox and Hugo Chavez, according to a joint communique.

The San Jose Accord came into existence on Aug. 3, 1980, and it has never been suspended. The countries that benefit from the special crude prices are Barbados, Belize, Costa Rica, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Nicaragua, Panama and the Dominican Republic, the communique noted.
The pact also establishes "a cooperation mechanism to promote the economic and social development of the beneficiary nations."

The cooperation accord finances social-economic development projects in the participating nations, as well as trade of goods and services by Mexican and Venezuelan firms.
Mexico and Venezuela each provide half of the total 160,000 bpd of the crude sold at discount prices.

Source: EFE
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« October 2016 »
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Register to announce Your Event

View All Events