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Venezuela Adds the Bronx to Citgo Heating Oil Discount Program NewsMax.com Wires NEW YORK -- Venezuela's government made its first delivery of discounted heating oil to a New York City low-income housing development on Tuesday, part of a promise that Venezuelan President Hugo Chavez made to provide oil directly to poor Americans. A Citgo tanker truck pulled up to a snow-sprinkled block in a neighborhood in the Bronx at a ceremony attended by the oil company's CEO Felix Rodriguez, Venezuelan Ambassador Bernardo Alvarez, U.S. Rep. Jose E. Serrano and housing development officials. "For us," Alvarez said, "this is the human face of the energy supply between the U.S. and Venezuela." Citgo, the Houston-based refining subsidiary of Venezuela's state-owned oil company, will sell about 8 million gallons of heating oil to three non-profit housing developments in New York for 40 percent less than its usual price through April 1, 2006. Although New York City landlords, rather than tenants, generally pay for heat, the housing developments have agreed to pass along their savings to the tenants in the form of rent reductions or other benefits. Story Continues Below
Chavez visited the Bronx in September, when he was in New York for the U.N. General Assembly, and expressed an interest in helping low-income areas in the borough. Venezuela has agreed to sell oil at a discount to residents in other U.S. cities, including Quincy, Mass. © 2005 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. Editor's note: Read more on this subject in related Hot Topics:
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