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Dispute with U.S. energy trader worsens Haiti's fuel crisis

The capital Port-au-Prince’s fragile power grid was dealt a blow when Novum Energy Trading Corp suspended shipments in February, leaving residents without electricity for days and many gas stations with no fuel at the pumps. Novum says the government owes it $40 million in overdue payments for fuel. The Western Hemisphere's poorest nation, Haiti long relied on fuel shipments from nearby OPEC member Venezuela, which offered cheap financing to several Caribbean nations to buy its gasoline, diese...
Tags: Science, Opec, Venezuela, Haiti, Caribbean, Port Au Prince, Western Hemisphere, Novum, Novum Energy Trading Corp


Row with U.S. energy trader worsens Haiti's fuel crisis

Novum says the government owes it $40 million in overdue payments for fuel. The Western Hemisphere's poorest nation, Haiti long relied on fuel shipments from nearby OPEC member Venezuela, which offered cheap financing to several Caribbean nations to buy its gasoline, diesel and other products through a program called Petrocaribe.     But the scheme fell apart last year due to economic turmoil in Venezuela, forcing Haiti - a nation of 11 million people - to return to international markets.    ...
Tags: Science, Opec, Venezuela, Haiti, Caribbean, Western Hemisphere, Petrocaribe, Novum



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