Mayor of London signs oil deal with Venezuela
- From: xnichols@xxxxxxxxxxx
- Date: 20 Feb 2007 12:23:01 -0800
BBC News story - "Mayor signs Venezuelan oil deal"
(Selected extracts)
"Ken Livingstone has signed an oil deal with Venezuela - providing
cheap fuel for London's buses and giving cut price travel for those on
benefits.
The mayor of London said the agreement will help provide half-price
bus and tram travel to some 250,000 Londoners on income support.
The deal follows discussions between Mr Livingstone and Venezuelan
President Hugo Chavez.
Mr Livingstone signed the deal at a ceremony in City Hall.
Representatives from the Venezuelan government and the oil company
Petróleos de Venezuela Europa (PDVE) were at the ceremony. .........
"This agreement will benefit up to a quarter of a million of the
lowest income Londoners," Mr Livingstone said.
"Those on income support will be eligible to receive half price bus
and tram travel - a benefit worth at least £280-a-year."
In return, a team of officials from the Greater London Authority will
work in Venezuela advising on recycling, waste management, traffic and
on reducing carbon emissions.....
...Venezuela has the largest oil reserves in the Americas, and its
socialist president is the Bush administration's fiercest critic in
Latin America.
But in November 2005, it signed a deal with the US state of
Massachusetts to provide cheap heating oil to poor households. Similar
deals were also signed in Boston and New York. "
Full BBC article: -
<http://news.bbc.co.uk/1/hi/england/london/6377867.stm>
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