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Venezuela To Sell Oil To US Much Cheaper

Venezuela will provide heavily discounted heating oil

Venezuela will provide heavily discounted heating oil to about 37,000 low-income families in Maryland, Virginia and the District this winter, Caracas' envoy to the United States said yesterday.

The local jurisdictions are beneficiaries of a greatly expanded program that this winter will assist more than 400,000 families in 16 U.S. states and the District, up from eight states and 180,000 families last year, said Ambassador Bernardo Alvarez Herrera.

Oil provided under the expanded program, first mentioned by President Hugo Chavez during a fiery speech to the United Nations in September, will be distributed through local governments, community centers and churches, and will be offered at 40 percent below the market price.