Guatemalans Welcome Venezuelan Oil Aid
Guatemalan mayors highlighted the Venezuelan government's willingness to supply cheap oil to Guatemalan municipalities, mainly those living in poverty or extreme poverty.

In a press conference in Guatemala City, the mayors announced the signing of an energy cooperation agreement in June between the Federation of United Municipalities of Guatemala and the Venezuelan government for the sale of fuel at preferential prices, with 60 percent of the price to be paid within 90 days and the remaining 40 percent in 20 years, on a one-percent interest rate.

The agreement is a result of the visit paid by the mayors to Venezuela in Apr 17-18, looking for aid to face the energy crisis triggered by increased oil market prices.