Trump’s ‘Secondary Tariffs’ in April will not affect SVG

by Eldonte Samuel

To this day there are individuals who believe that St Vincent and the Grenadines(SVG) still sources its oil from Venezuela. However, since the 2018 sanctions were imposed on the South American country, by United States President, Donald Trump during his first term, SVG has had to source it’s oil locally.

According to a PDVCaribé Manager, formerly PetroCaribé, the company has been forced to purchase oil and liquefied petroleum gas (LPG) locally from Sol.

“There are alternatives, but Sol is the only local company that has an account here that we can deal with. We can’t make any payments through any banks,” Fay Fergusson explained.

Since 2018, the company has been unable to source oil from any international or regional companies, as they still operate under the parent company’s name, PetroCaribé.

“Nobody won’t deal with you once they see PetroCaribé. The whole world got sanctioned from Venezuela, so we can’t deal with them….The company here is 51% theirs [Venezuela], and 49% St. Vincent’s. We still have to deal with them; it’s their company, ” Fergusson said.

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