The energy ministers of 18 Petrocaribe member countries proposed during their meeting here Friday to create a "Special Economic Zone" (SEZ) for the oil alliance.
The proposal for the SEZ will be presented by the ministers to the heads of State or Government of Petrocaribe member countries at their eighth summit here on Saturday, where the leaders will analyze the proposal, Nicaragua's government spokeswoman Rosario Murillo said in her daily message through the official press.
Murillo said the ministers at Friday s meeting sought the conditions to create the SEZ.
Petrocaribe is an oil alliance founded on June 29, 2005, with its goal to sell Venezuela's oil at preferential prices to the member countries.
The Petrocaribe member countries are Antigua and Barbuda, Bahamas, Belize, Cuba, Dominica, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Nicaragua, Dominican Republic, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Saint Lucia, Suriname and Venezuela.