Spain Backs Venezuela's 'Multipolar' World Vision [View All]

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Spanish Prime Minister Jose Luis Rodriguez Zapatero’s policy of greater participation in South American affairs and a series of trade agreements are likely to highlight four-way talks between Spain, Venezuela, Brazil and Colombia today.

Seeking to revive its shipbuilding industry, Spain is considering the sale of ships and transport planes to Venezuela and Colombia. Those deals may be discussed at the meetings in the eastern city of Puerto Ordaz on today and Caracas, Venezuela’s capital, tomorrow.

Venezuela is expected to push for the creation of jointly-controlled regional oil and television companies, which have been respectively dubbed “Petrosur” and ”Telesur” by Venezuela’s President Hugo Chavez.

A cooperation agreement between Spain’s Repsol oil company and Venezuela’s state-run Petroleos de Venezuela SA, or PDVSA, may be negotiated, said Venezuela Deputy Foreign Minister Delcy Rodriguez.

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