Shipments of Venezuelan oil to Cuba under preferential terms should resume in September, next month after a four-month suspension despite mounting opposition by critics of President Hugo Chavez and some employees of the state oil firm, reports Reuters (Aug.2, 2002):
The shipments of 53,000 barrels per day (bpd) on favorable financing terms were suspended in April during the brief overthrow of Chavez, who had granted Cuba the generous oil deal. For Cuba, the suspension of oil sales has forced the cash-starved nation to buy crude on the spot market at higher prices. According to a May statement by the …
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