Economy March 6, 2015 | 9:05 am

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Venezuela committed to expand oil deal in Lat-Am

Santo Domingo.- Venezuela ambassador Alberto Castelar announced Thursday that at the Special Summit of Heads of State and Government of Petrocaribe to be held in Venezuela today Friday will address "the continuity of the Petrocaribe agreement which means great news."

He said Venezuela president Nicolas Maduro will speak in the meeting to ensure that "Petrocaribe is maintained and continues."

Castelar said his government will propose Petrocaribe’s expansion among member countries. "We plan to move forward and make Petrocaribe a grand economic area, together with ALBA and Mercosur, to advance to other areas such as culture, education and trade."

"The north of our region is not in the North, it’s in the South, and that will be ratified at the Petrocaribe Summit tomorrow (Friday)," Castelar said at Simón Bolívar Square, to mark the second anniversary of the death of Venezuela leader Hugo Chávez.

Petrocaribe provides Venezuela oil with soft financing for Dominican Republic and 15 other Central American and Caribbean countries.

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