Geopolitics, economy and international solidarity in the new South-South cooperation: the case of Bolivarian

This article aims to show an overview of the energy cooperation scheme called PETROCARIBE, proposed in 2005 by the Bolivarian Republic of Venezuela to the Caribbean and Central American countries. It argues that the emergence of this project, like other South-South cooperation initiatives, is clearly linked to several strategic foreign policy goals, which basically refer to geopolitical, economic, security and, last but not least, international solidarity parameters. The first section outlines some general characteristics of South-South cooperation and current trends and debates. The following presents the peculiar features of the Bolivarian foreign and energy policies. The next presents a general description of the PETROCARIBE framework, working mechanisms and its most important projects. Finally, after a discussion on PETROCARIBE as a South-South cooperation initiative, by highlighting its scopes, problems and vulnerabilities, some conclusions are drawn.