[NYTr] Chavez signs new energy deal with Cuba

[All the News That Doesn't Fit]

Reuters via Yahoo - Dec 23, 2007
ttp://news.yahoo.com/s/nm/20071223/wl_nm/cuba_venezuela_accords_dc


Chavez signs new energy deal with Cuba

HAVANA (Reuters) - Venezuelan President Hugo Chavez bolstered his
cooperation with Cuba on Saturday by signing energy, farming and
finance accords, including a deal to expand of one of his socialist
ally's oil refineries.

The Venezuelan leader, a strident foe of Washington's "imperialist"
policies, is Havana's closest ally and the petroleum deals have helped
Cuba's economy stay afloat.

Chavez attended the signing ceremony in Santiago de Cuba with Raul
Castro, who has governed Cuba since his brother, Fidel Castro, handed
over power after surgery. Fidel Castro has not appeared in public for
more than 16 months.

"We are together and will be together forever," Chavez said at the
close of the event. "We are conscious that we are one nation."

Chavez met for more than two hours with Fidel Castro in Havana on
Thursday, the Cuban press has reported. So far no images of their
meeting have been released.

Venezuela, an OPEC member and a major oil supplier to the United
States, already provides 92,000 barrels per day of crude to Cuba on
preferential terms in return for medical and other services.

One of the deals inked on Saturday will expand the capacity of Cuba's
Cienfuegos crude refinery from 65,000 bpd to 150,000 bpd. Chavez
attended a ceremony on Friday opening the Soviet-era refinery after
Venezuela helped refurbish it.

Other agreements included helping to restore a pipeline from the
refinery and expanding agriculture and mining projects.

Buoyed by high crude prices, Chavez has used his country's oil wealth
to try to build alliances in Latin America and the Caribbean and
counter U.S. influence. Washington calls him a menace to regional
democracy.

(Reporting by Patrick Markey; Editing by Eric Beech)