CASTRIES, St. Lucia, CMC – The St. Lucia government says it expects to accrue major benefits for the island following the decision of Castries to join the Venezuelan oil initiative, PetroCaribe. “This will make it possible for the country to receive a regular supply of petroleum products from Venezuela under the PetroCaribe arrangements that are currently being utilized by several other nations in the Caribbean,” a statement issued by the Ministry of Sustainable Development and Energy. It said that the decision to join PetroCaribe had been taken against a background of ever-escalating fuel costs and the adverse impact this was having on the economy, which is totally dependent on imported petroleum products.
