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IN BRIEF/ NICARAGUA

Venezuela Oil Deal Is Bid to Aid Leftist Ortega

October 09, 2006|From Times Wire Reports

Venezuela said it would ship 350,000 barrels of heavy diesel oil to Nicaragua under an energy deal aimed at helping leftist front-runner Daniel Ortega win that nation's presidential election next month.

The announcement came a day after Venezuela delivered 84,000 gallons of cut-rate diesel fuel to help Nicaragua ease its daily power blackouts.

The energy agreement allows Nicaragua to buy Venezuelan fuel at 60% of the price and pay the outstanding 40% over 25 years at 1% interest.

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