JIS News

Technical officials attending the PetroCaribe Summit, yesterday (Sept. 3) met to finalize an agenda and make recommendations for the ministerial meeting being convened today, at the Ritz-Carlton Hotel, Montego Bay.
The agenda prepared by the officials includes recommendations for the establishment of the institutional framework for the operation of the PetroCaribe Agreement signed in Puerto de la Cruz, Venezuela, on June 29, 2005. A document tabled by Venezuela, which sets out the organizational arrangements for a proposed Secretariat for PetroCaribe and the rules that would govern its operation will, therefore, be discussed at today’s meeting of ministers.
In addition, officials looked at the status of PetroCaribe Initiative and its future direction, with a short presentation highlighting the major stages in the development of PetroCaribe. Bilateral agreements on the quota of oil equivalents were also discussed, taking into account bilateral infrastructure arrangements for the transportation and storage of petroleum.
The officials heard presentations from Jamaica on renewable energy and from Venezuela on PetroCaribe. The meeting also considered a proposal for undertaking studies related to the operation of PetroCaribe.
Permanent Secretary in the Ministry of Commerce, Science & Technology, Dr. Jean Dixon, who chaired the meeting, said that, based on yesterday’s deliberations, she expected a successful outcome for today’s meeting of the ministers.
Tomorrow, heads of the various Caribbean countries are expected to sign bilateral agreements with Venezuela. Among the heads who are expected in the island for the PetroCaribe Summit are President Fidel Castro and President of Venezuela Hugo Chavez.
Thirteen Ministers have already arrived for today’s talks including Cuban Vice President, Hon. Carlos Lage.