Venezuela Oil Deal Is Bid to Aid Leftist Ortega
From Times Wire Reports
Venezuela said it would ship 350,000 barrels of heavy diesel oil to Nicaragua under an energy deal aimed at helping leftist front-runner Daniel Ortega win that nation’s presidential election next month.
The announcement came a day after Venezuela delivered 84,000 gallons of cut-rate diesel fuel to help Nicaragua ease its daily power blackouts.
The energy agreement allows Nicaragua to buy Venezuelan fuel at 60% of the price and pay the outstanding 40% over 25 years at 1% interest.
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