Twenty Latin American countries have been meeting in Quito, Ecuador, in an effort to produce a common plan for the use and development of energy resources in the region.
SV INTERIOR: sign display "Energy Organisation of Latin America.
SV: flags of Latin American countries.
SV: Ecuador Minister of Energy General Jaime Semblantes.
GV: delegates seated around table.
SV: Guatemala Energy Minister.
CU: Guatemala Energy Minister.
SV: Peruvian Energy Minister General Arturo La Torre.
SV: Cuban delegates Vice Minister Manual Torres on the left, and Romilo Torras on right.
CU: Ecuador Energy Minister seated at table
SV: delegates seated at table examining documents.
GV PAN: around conference table.
The smaller countries at the conference said the financial proposals would favour the larger countries especially Brazil who had only just joined the organisation. They said that because of its economic strength, Brazil has been to impose terms and conditions of direct benefit to themselves. Brazil is the largest consumer of petroleum in the region but gets most of its supplies outside Latin America.
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Background: Twenty Latin American countries have been meeting in Quito, Ecuador, in an effort to produce a common plan for the use and development of energy resources in the region.
SYNOPSIS: The four day conference, which began on Monday (5 September) was organised by the Latin American Organisation for Energy. Energy Ministers from the twenty countries, were welcomed by their Ecuador counterpart, General Jaime Semblantes.
The group was formed in 1972 with the aim of uniting the developing countries of the region into a self-sufficient economic force, independent of foreign energy supplies. To help achieve this the ministers proposed the establishment a regional energy information centres, and a common finance pool. But not everyone was satisfied with the proposals. A split developed at the conference between the large and small nations. Several smaller countries accused Venezuela, Mexico, Ecuador, and Brazil of thwarting efforts to establish a development bank. The plan was squashed after the failure to agree on common objectives.