Guyana to get 50% petrol needs from Venezuela on concessionary terms

Guyana would be obtaining half of its petroleum needs or 5,200 barrels per day (bpd) from Venezuela at a concessionary rate under the Petrocaribe agreement from May 1, 2007, Prime Minister Sam Hinds says.

The Prime Minister told Stabroek News that this follows the signing of a contract on Tuesday for the supply of fuel to Guyana by Guyana Energy Agency Chief Executive Officer, Joseph O’Lall and the state-owned PDVSA (Petr