Interpretation

In this Act, unless the context otherwise requires6 Petrocaribe Loans “Alba Petrocaribe (Belize Energy) Limited” or “APBEL” means a joint venture company owned by the Venezuelan State Enterprise, PDV Caribe and the Government of Belize company, Belize Petroleum and Energy Limited, in the ratio of 55% and 45%, respectively; “Loan Agreement” means the Loan Agreement dated 18 September 2012, between the Government of Belize and Alba Petrocaribe (Belize Energy) Limited, setting out the terms for lending the financed portion to the Government; and “petroleum products” includes crude oil, refined products, Liquified Petroleum Gas (LPG) and any other related product. CAP. 15.