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Exxon-Mobil - Haiti Observer Blog

Exxon-Mobil, Haiti Observer Blog. Read the following articles about Exxon-Mobil


 

Rene Preval and Issue related to PetroCaribe

The Haiti PetroCaribe oil deal was signed just moments following the inauguration of René Préval; one mile away, in the Port-au-Prince bay, was the first shipment of diesel and unleaded fuel from Venezuela. Such decisive movements showed plainly that, while allaying US fears of a Haiti alliance with Venezuela, President Préval had already intended to join the Caribbean oil alliance.

The benefits were immediate, though it would take a few more years before regular deliveries of oil would be possible and construction on the promised oil refinery, an additional gift in the deal, would be complete. But Haiti's new fortune, while it came cheaply, was not without considerable price. The estimated $100 million US that the GOH would save from the delayed payment plan (with 60% up front and the remainder payable over 25 years at 1% interest) was paid for by the anger of the US Government and the US oil companies Chevron and ExxonMobil. Not only was PetroCaribe the project of Ugo Chavez, but it would mean significant losses to US investors.

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Rene Preval and Relationship with United States

Former President René Préval's dealings with the United States began with great promise. He had made the US one of his first visits after winning the 2006 elections, and was quickly congratulated by President George Bush upon his reelection. In the States, the presidential meeting was thought to be fortuitous of the relationship between the two countries under Préval's administration.

Then René Préval surprised them. A series of cables from the US Embassy, made available to Haitian press by WikiLeaks, show that initially, Préval's offense was his dealings with Venezuela and Cuba, a circumstance the US hadn't anticipated after Préval's actions to reassure them. US Ambassador Janet Sanderson took umbrage to perceived shows of 'independence or contrariness', shown by Préval in his dealings with Ugo Chavez. This was exacerbated by Préval's signing the Venezuelan PetroCaribe alliance, a coup with considerable benefits to Haiti, including the estimated $100 million the government would save per year. Washington had made it plain they would not support a Haitian oil deal with Venezuela.

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