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Caracas offers more as Dominican Republic pays oil bill on time

Santo Domingo.- A high-level Venezuelan government commission visited president Danilo Medina Tuesday, to reaffirm Caracas’ commitment o maintain and expand the Petrocaribe agreement in the Dominican Republic, despite the South American nation’s ongoing turmoil.

After the meeting, PDV Caribe president Bernardo Alvarez said the Dominican government is up to date on the oil bill. He said Santo Domingo will pay US$150 million this year in products to cover the bill in 2014 and part of 2015.

“There’s no debt crisis. To some extent, Dominican Republic is proceeding in an advanced manner,” said Alvarez in a National Palace press conference.

“The Dominican Republic is proposing this year according to our requests to compensate 150 million dollars that would be the 120 in 2014 and a part that corresponds to 2015. It’s a healthy mechanism that lets accounts be up to date,” said the also secretary of the Bolivarian Alliance for the Peoples of Our America (Alba).

Source: DT

Category: DR News |

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Last updated December 6, 2016 at 12:34 PM
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