Chavez in Caribbean oil meeting

From BBC News:

Venezuela's President Hugo Chavez is meeting officials from 13 Caribbean nations to agree terms for supplying them with cheap oil. The talks in Montego Bay, Jamaica, will put the finishing touches to Mr Chavez's Petrocaribe initiative, which was launched in June.

Venezuela is the world's fifth largest oil exporter, producing 3.1 million barrels a day.

The talks are being attended by representatives of Antigua and Barbuda, the Bahamas, Belize, Cuba, Dominica, the Dominican Republic, Grenada, Guyana, Jamaica, Surinam, St Lucia, St Kitts and Nevis and St Vincent and the Grenadines.

Two countries - Barbados and Trinidad and Tobago - have declined to join the agreement at present.

Mr Chavez denies using oil to secure political influence in the Caribbean.