USD 383 million in Nicaragua's purchase of Venezuelan oil
The purchase accounts for 89% of Nicaragua's oil bill
Nicaragua's purchase of Venezuelan oil through April 2012 amounted to USD 383.3 million, according to the Central Bank of the Central American nation.
In the first four months of 2012, Nicaragua's oil bill summed up USD 429.6 million, additional USD 2.5 million in inter-annual terms, Efe cited.
The official numbers show that, on aggregate, Nicaragua's balance of trade deficit leapt by 13.5% to USD 777.3 million in the first four months of 2012, compared with the same term last year.
Venezuela, together with the United States, Canada, Salvador, Costa Rica and Mexico, is among the main destinations of Nicaraguan sales; all of them buy 73.7% of Nicaraguan commodities.
José Vicente Rangel clearly said: "We are not conducting negotiations threatened with a gun in the head." He warned behind closed doors in the midst of the social upheaval occurred during the oil strike in 2002 and 2003. Dissenting Timoteo Zambrano answered back that no other option was available: "The thing is that otherwise, you do not negotiate."