After five hours of meetings between their delegations, Chavez and Santos also signed a dozen cooperation accords in oil, gas, trade and other sectors.
Among them was an agreement for Colombia’s state oil company Ecopetrol to join Venezuelan counterpart PDVSA in some mature field projects in Venezuela.
There was also a plan for a pipeline between Venezuela’s Orinoco belt, which has the world’s biggest crude reserves, and Colombia’s Pacific coast. “Wherever we’ve mentioned this, people’s eyes open wide,” Santos said.
(As I said, rather cryptically, before, I don’t think China wants the US’s closest ally in South America to hold the stopcock on its oil supply, so I don’t really see this pipeline getting built. But hey, everyone loves a soap opera.)
Setty's notebook 