Financial and Banking News
Mexico and Venezuela Renew San Jose Oil Accord
Mexico and Venezuela have agreed to extend for the seventh year the San Jose accord which provides 130,000 b/d of crude oil to nine Central and South American countries at below-market prices. The official Mexican News Agency said the two countries would grant oil purchase loans for up to five years at 8% or of up to 12 years at 6%. The San Jose accord, signed in 1980, was intended to promote...