RealNews

Chavez vows oil, financing for leftists

President Hugo Chavez said Sunday that Venezuela hopes to gradually sell off its refineries in the United States and build a new network of refineries in Latin America, part of a plan to offer his leftist allies in the region a stable oil supply. Chavez also raised the idea of issuing a regional bond to raise funds for social spending as he hosted a summit of the Bolivarian Alternative for the Americas, or ALBA, a leftist bloc and trade group that includes Venezuela, Cuba, Bolivia and Nicaragua. Full Story

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