Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 10:50, September 06, 2005
Central America on "maximum alert" due to energy crisis
font size    

Central America countries on Monday declared a state of "maximum alert" in response to the ongoing energy crisis and announced visits to Venezuela and Colombia to explore the possibility of oil assistance.

"The consequences of the world oil crisis we are faced with are pretty much like that of an earthquake or a tsunami," said El Salvador President Antonio Saca at the end of a regional meeting held in Nicaragua.

The economic ministers will soon travel to Venezuela and Colombia to seek solutions, as the Central American presidents agreed during the summit originally intended to discuss political conflicts in Nicaragua.

The economic difficulties of Central America and Caribbean countries, most of which have to rely on imports for industrial demand, were exacerbated last week as refiners and pipelines in the Gulf of Mexico were crippled by Hurricane Katrina.

During the upcoming visits to Venezuela and Colombia, the Central American ministers will call for a revision of the Pact of San Jose for favorable oil prices, said Saca.

The Pact of San Jose, sponsored by Mexico and Venezuela, allows for the supply of crude on credit to the Central American and Caribbean countries, but does not include preferential pricing. The Organization of Petroleum Exporting Countries (OPEC), which includes Venezuela, also has no record of granting favorable prices to the region.

Costa Rican President Abel Pacheco described the recent rise of international oil prices as a "blow to developing countries and mostly to poor ones." Crude reached a record high of 70.90 US dollars per barrel last Tuesday.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- IEA to call for release of strategic reserves oil

- IEA warns of worldwide gasoline crisis

- US gov't provides oil to Exxon Mobil from SPR

- Hurricane Katrina feared to cause global energy crisis: newspaper

- US supplies of commercial crude oil, gasoline fall last week

- Bush administration to tap SPR to help refineries hurt by Katrina

Online marketplace of Manufacturers & Wholesalers

Copyright by People's Daily Online, all rights reserved