CASTRIES, St. Lucia, CMC – Opposition Leader Stephenson King is (warning) the St. Lucia government against joining the Venezuelan oil initiative, PetroCaribe, saying it could bring the island into further debt.
"Let's not get involved in this matter, this is not one for the government, as it’s not a situation where fuel is being sold to the country at a cheaper rate. The fuel is being sold at the very rate that we are currently purchasing it from Trinidad or elsewhere," King said.
Prime Minister Dr. Kenny Anthony, who recently attended a meeting in Caracas where the PetroCaribe initiative was discussed, said plans were announced to expand the programme under which several Caribbean countries have so far benefited from an estimated US$800 million in investments.