The Venezuelan authorities will review the PetroCaribe Agreement with the Dominican Republic next month. Venezuelan deputy Julio Chavez said that Venezuela expected that the PetroCaribe Agreement with the Dominican Republic would provide stability in terms of price and supply of petroleum-based fuels, a benefit that in general, the Dominican population has not received.
According to El Nuevo Diario, the Venezuelan legislator said that the main purpose of the PetroCaribe Agreements was to improve social conditions. The Dominican Republic signed the PetroCaribe Agreement in 2005 in a deal that provided 500,000 barrels of oil under very favorable conditions. Local politicians, like Eduardo Estrella from the Dominicans for a Change (DxC) party, have suggested the need for legislation to control the use of the funds from the PetroCaribe Agreement. Estrella said that this is the only agreement that does not specify the use of the funds that the government receives.