Exclusive: Mexico explores replacing Petrocaribe oil if Venezuela govt falls - sources

Bs_logoImage
Reuters MEXICO CITY
Last Updated : Aug 23 2017 | 9:22 PM IST

By Gabriel Stargardter

MEXICO CITY (Reuters) - Mexico's government has begun studying the possibility of stepping in to replace Venezuelan oil program Petrocaribe if the government of President Nicolas Maduro were to fall, according to three officials with knowledge of the plan.

Discussions on how to design credits through which Mexico could sell low-cost crude and oil products to Petrocaribe clients in the Caribbean and Central America are just a few weeks old, according to two of the officials, and involve the Finance Ministry, the Foreign Ministry and the Energy Ministry.

(Editing by Frank Jack Daniel and Marguerita Choy)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Aug 23 2017 | 9:06 PM IST