Following cordial and jovial meetings with King Juan Carlos and president Zapatero yesterday, Hugo Chávez has confirmed today that, in return for medical equipment and other materials, Venezuela will sell Spain up to 10,000 barrels of oil per day at $100 per barrel. After reaching a peak of $147 on July 11th, oil prices have fallen back to around $125 per barrel.

The Venezuelan leader, who has also visited Russia, Belarus and Portugal this week, also confirmed that Repsol will be granted new exploitation rights in the oil-rich Orinoco area to the east of the country. "You will have guaranteed oil supplies for a hundred years because Venezuela has oil for two hundred years," Mr Chávez said in an interview on Spanish TV (TVE).

Chávez casts doubt over King Juan Carlos meeting
By: thinkSPAIN
Monday, July 21, 2008

Venezuelan president Hugo Chávez has contradicted a statement made by the Spanish government last week confirming a meeting with King Juan Carlos in Mallorca next Friday:

"I'm not sure if I'll see the king because he's outside Madrid. He's asked me to go and see him where he is. I don't know if there'll be time, and that's the way things stand," said Mr Chávez on the 'Aló, presidente' TV programme yesterday.

"I'd be glad to greet the king, but, Juan Carlos, you know that I won't shut up," he continued, referring to the incident that marred their last meeting at the Ibero-American summit in Santiago de Chile last November.

While Mr Chávez embarked on an exhausting European tour today that will also take him to Russia, Belarus and Portugal, King Juan Carlos and the rest of the royal family arrived in Mallorca last Saturday for their traditional, six-week, annual holiday.

King to meet Chávez for first time since Santiago summit spat
By: thinkSPAIN
Saturday, July 19, 2008

King Juan Carlos will meet Hugo Chávez in Palma de Mallorca next Friday after which the Venezuela president will fly to Madrid for talks with president Zapatero.

It will be the first meeting between the two Heads of State since the Ibero-American summit in Chile last November when Don Juan Carlos told Mr Chávez to "shut up" for constantly interrupting Mr Zapatero, who was speaking in defence of his predecessor, José María Aznar, whom Mr Chávez had accused of being a "fascist."

Mr Zapatero and Mr Chávez last met at a summit of Latin American, Caribbean and European leaders in Lima last May when both parties agreed to draw a line under the Santiago incident, and move on.

see also:

Chávez buries hatchet after Zapatero meeting
By: thinkSPAIN
Saturday, May 17, 2008

http://www.thinkspain.com/news/noticia.asp?CodNoticia=14946