Energy Minister Martin in Nicaragua for PetroCaribe Summit

PetroCaribe billboard promoting the installation of a tank for fuel at the Needsmust Power Plant

Resurfacing of the West Independence Square Street on Sunday one of the benefits of the PetroCaribe agreement between St. Kitts and Nevis and Venezuela (Photos by Erasmus Willliams)

BASSETERRE, ST. KITTS, OCTOBER 23RD 2011 (CUOPM) – St. Kitts and Nevis’ Minister of Energy, Hon. Dr. Earl Asim Martin is in Managua, Nicaragua to attend the PetroCaribe Ministerial Summit, an energy cooperation agreement with important economic and social benefits for Caribbean and Latin American nations. St. Kitts and Nevis hosted the Sixth PetroCaribe Summit in 2009.

Delegations from Venezuela, Cuba, Grenada, Haiti, Suriname, Antigua and Barbuda, Dominica, St. Vincent and the Grenadines, the Dominican Republic, Guyana, Jamaica, Guatemala and Belize have confirmed participation in the meeting.

In Managua, Rosario Murillo, coordinator of the Communication and Citizenship Council, said the event will open on Monday in Managua to analyze the results and goals of that solidarity initiative launched by Venezuelan President His Excellency Hugo Chavez to improve the member countries’ quality of life.

Venezuelan Energy Minister and PDVSA Director Rafael Ramirez will attend the forum.

Nicaraguan President His Excellency Daniel Ortega will attend the closing ceremony.

Murillo also said that a summit of presidents of the PetroCaribe member states is also scheduled for next days.

This energy agreement is part of the projects that resulted from the fraternal and solidarity conception implemented by the Bolivarian Alternative for the Peoples of Our America (ALBA).

Founded in 2005, PetroCaribe is a multilateral mechanism, whose objective is to improve energy security, socio-economic development and regional integration.