!! History Commons Alert, Exciting News

Profile: St. Lucia

St. Lucia was a participant or observer in the following events:

After a two-day conference in the resort town of Montego Bay, Jamaica, energy officials from a number of Caribbean countries agree to a proposal by Venezuela to form a new oil company that would distribute crude and refined oil products to Caribbean countries under preferential terms. A commission led by Venezuela will devise a plan for the new company, to be called PetroCaribe, and a follow-up meeting will take place in the Bahamas in November. “PetroCaribe should be a catalyst for the introduction of alternative approaches to market access… and correction of the various pricing inequities that prevail in some markets,” the officials say in a joint statement issued at the conclusion of the conference. Many of the countries are concerned that high energy prices will devastate their economies and lead to social unrest. Another initiative proposed by Venezuela during the conference is the establishment of a fund to provide grants for health, education, and housing programs in the Caribbean. Countries participating in the talks include Antigua and Barbuda, the Bahamas, Barbados, Belize, Cuba, Dominica, Grenada, Guyana, Jamaica, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, and Trinidad and Tobago. [Associated Press, 8/27/2005]

Entity Tags: Guyana, Antigua and Barbuda, Bahamas, Venezuela, Petrocaribe, Barbados, Dominican Republic, St. Lucia, Belize, St. Kitts and Nevis, Grenada, Jamaica, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, Cuba

Timeline Tags: US-Venezuela (1948-2005)

Thirteen Caribbean countries, led by Venezuela, sign the Petrocaribe Alliance, an energy cooperation agreement that will allow member nations to purchase oil from Venezuela under preferential terms. The agreement, signed during a one-day regional summit in Puerto La Cruz, Venezuela, calls for the establishment of a regional refinery network overseen by Venezuela that will produce and ship oil to member nations. The agreement is signed by Antigua and Barbuda, Bahamas, Belize, Cuba, Dominican, Grenada, Guyana, Jamaica, Dominican Republic, San Cristobal and Nieves, Santa Lucia, San Vicente and the Granadinas, Surinam, and Venezuela. Two countries, Barbados and Trinidad and Tobago, choose not to sign. [United Press International, 6/30/2005; BBC, 9/7/2005; Nation News (Barbados), 9/18/2005; Petroleos de Venezuela, 11/28/2005] The details of the pact will be decided in September (see September 7, 2005)

Entity Tags: Dominican Republic, Grenada, Barbados, Belize, Guyana, Jamaica, St. Kitts and Nevis, Cuba, Trinidad and Tobago, Suriname, St. Vincent and the Grenadines, St. Lucia, Antigua and Barbuda, Petrocaribe, Venezuela, Bahamas

Timeline Tags: US-Venezuela (1948-2005)

Caribbean leaders sign an agreement specifying the details of Hugo Chavez’s Petrocaribe Alliance. Under the agreement, Caribbean governments would purchase Venezuelan oil at market price. Whenever world market prices for oil surpass the $40 a barrel mark, Venezuela would offer to finance 40 percent of the cost to be payable over a period of 17-25 years at 1 percent interest. Further concessions would be granted if the price of oil surpasses the $100 mark. Governments will be permitted to pay a portion of their oil tab with services or goods such as rice, bananas, or sugar. “We have the opportunity to break from the path of imposed domination and servitude,” Chavez says during the talks. “The capitalist model… imposed on us is not sustainable.” The talks are attended by representatives of Antigua and Barbuda, the Bahamas, Belize, Cuba, Dominica, the Dominican Republic, Grenada, Guyana, Jamaica, Surinam, St Lucia, St Kitts and Nevis and St Vincent and the Grenadines. [Associated Press, 6/30/2005; BBC, 9/7/2005]

Entity Tags: Trinidad and Tobago, Cuba, Suriname, St. Vincent and the Grenadines, St. Lucia, St. Kitts and Nevis, Dominican Republic, Belize, Grenada, Jamaica, Guyana, Barbados, Venezuela, Petrocaribe, Antigua and Barbuda, Bahamas

Timeline Tags: US-Venezuela (1948-2005)

Ordering 

Time period


Email Updates

Receive weekly email updates summarizing what contributors have added to the History Commons database

 
Donate

Developing and maintaining this site is very labor intensive. If you find it useful, please give us a hand and donate what you can.
Donate Now

Volunteer

If you would like to help us with this effort, please contact us. We need help with programming (Java, JDO, mysql, and xml), design, networking, and publicity. If you want to contribute information to this site, click the register link at the top of the page, and start contributing.
Contact Us

Creative Commons License Except where otherwise noted, the textual content of each timeline is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike