New Internationalist

Venezuela spreads the oil around

December 2005

‘Venezuela is now free and places its oil riches at the service of Latin America, and not under the control of the multinationals.’ So says Venezuela’s President, Hugo Chavez, leader of the world’s fifth-largest oil exporting country. As part of a policy of Latin American co-operation, the country is supplying cut-price oil and offering special deals to its neighbours, including Caribbean nations. In a breathless 30 days of hectic diplomacy in August and September, the country clinched oil deals with Argentina, Brazil, Uruguay, and Paraguay. Cuba receives oil from Venezuela in exchange for 14,000 doctors, 3,000 dentists and several hundred sports coaches. Chavez explains his motivation as ‘helping neighbouring countries cut energy costs and improving living standards in the region.’

Tom Fawthrop

This column was published in the December 2005 issue of New Internationalist. To read more, buy this issue or subscribe.

Never miss another story! Get our FREE fortnightly eNews

Comments on Venezuela spreads the oil around

Leave your comment


  • Maximum characters allowed: 5000
  • Simple HTML allowed: bold, italic, and links

Registration is quick and easy. Plus you won’t have to re-type the blurry words to comment!
Register | Login

...And all is quiet.

Subscribe to Comments for this articleArticle Comment Feed RSS 2.0

Guidelines: Please be respectful of others when posting your reply.

Get our free fortnightly eNews


Videos from visionOntv’s globalviews channel.

Related articles

Recently in Currents

All Currents

Popular tags

All tags

This article was originally published in issue 385

New Internationalist Magazine issue 385
Issue 385

More articles from this issue

New Internationalist Magazine Issue 436

If you would like to know something about what's actually going on, rather than what people would like you to think was going on, then read the New Internationalist.

– Emma Thompson –

A subscription to suit you

Save money with a digital subscription. Give a gift subscription that will last all year. Or get yourself a free trial to New Internationalist. See our choice of offers.