San Jose pact renewed
The Presidents of Mexico and Venezuela have renewed an agreement to supply oil on preferential terms to the oil-poor nations of Central America and the Caribbean.
In separate ceremonies, Presidents Vicente Fox and Hugo Chavez signed the renewal of the 21-year-old San Jose Pact.
Under the pact, the two nations have supplied up to 160,000 barrels of oil per day under preferential financing terms to 11 other countries since 1980.
Countries that have received oil under the pact include Barbados, Belize, Costa Rica, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Panama and the Dominican Republic. Venezuela also supplies oil to Cuba.
The pact was renewed on Saturday, the Washington Post reported.