The president of Venezuela on Saturday announced the relaunch of the so-called Petrocaribe program, under which the country supplies oil to other Caribbean countries on favorable financing terms, in 2020.

Nicolas Maduro, while speaking at the closing event of the 17th Bolivarian Alliance for the Peoples of Our America (ALBA) summit, said that his country would "relaunch the Petrocaribe project in the first half of 2020 with great vigor." EFE-EPA