U.S.: No to Haiti oil deal

According to leaked U.S. Embassy cables, Washington and its allies, including Big Oil majors like ExxonMobil and Chevron, maneuvered aggressively behind the scenes to scuttle a deal between PetroCaribe and the Haitian government. … The oil support from Venezuela was key in providing basic needs and services to 10 million Haitians, securing a guaranteed supply of oil at stable prices, and laying the basis for Haitian energy independence from the United States.

— The 2006 deal would have saved Haiti $100 million per year. Under the terms of the deal, Haiti would buy oil from Venezuela, paying only 60 percent up front with the remainder payable over 25 years at 1 percent interest.