President Mejía signs Caracas Pact
President Hipólito Mejía and nine regional statesmen signed the Caracas Energy Pact in Caracas, Venezuela yesterday. The agreement adds 20,000 barrels of petroleum to the 28,000 the DR is already purchasing in Venezuela. The agreement also establishes Venezuela will finance 25% of purchases at 2% interest rate and 15 year terms. Petroleum will be purchased …