HAVANA, Cuba, Dec 2 (acn) Representatives of the 18 nation members of the energetic cooperation mechanism Petrocaribe, created by Venezuela in 2005, held their VIII Ministerial Council in Caracas.

The Venezuelan organizers said the core issue in this meeting was the energy sovereignty, and the ministers from the different countries reviewed the fulfilment of the previous meeting held in Nicaragua last October.

Venezuelan Energy Minister Rafael Ramirez presided over the event that prepared the documents to be signed by the heads of state tomorrow at the headquarters of the Petróleos de Venezuela (PDVSA) company.

Ramirez highlighted that Petrocaribe guarantees over 45 percent of all the oil the members need, and there has been an increase in the supplies that have doble from its beginning to 98 000 barrels per day.

The countries that make up Petrocaribe are Antigua and Barbuda, Bahamas, Belize, Cuba, Dominica, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Nicaragua, the Dominican Republic, St Kitts and Nevis, Santa Lucia, Saint Vincent and the Grenadines, Surinam and Venezuela.