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Last updated at: (Beijing Time) Friday, March 19, 2004

Venezuelan president threatens to raise oil prices

Venezuelan President Hugo Chavez warned that any attempt to overthrow him would raise the international oil prices to over 50 US dollars per barrel, the New York Times reported Thursday.


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Venezuelan President Hugo Chavez warned that any attempt to overthrow him would raise the international oil prices to over 50 US dollars per barrel, the New York Times reported Thursday.

Chavez made the remarks in an interview with the US daily which published on Thursday, saying he "would not tolerate" any US-led attempt to force his deposition.

He said the US government led by George W. Bush does not respect the Venezuelan government, noting Bush's continuous interference in Venezuela's internal affairs would jeopardize one of the key oil providers to the United States.

"I can not believe a government is willing to put its oil supplies at stake," he said.

As the world's fifth largest oil exporter, Venezuela provides about 1.5 million barrels each day to the United States, which accounts for nearly 15 percent of the latter's oil imports. Chavez has recently on several occasions threatened to cut off Venezuela's oil exports to the United States if his country is invaded or blocked by the latter.

The Venezuelan leader also accused the United States of backingthe failed coup that attempted to oust him in April 2002 as well as of financing Venezuelan opposition groups.

Source: Xinhua


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