London to swap advice for cheap Venezuelan oil

VENEZUELAN President Hugo Chavez has agreed with London mayor Ken Livingstone to send cheap oil to London in exchange for the capital’s expertise in a range of public services, The Guardian has reported.

Chavez, famous for his left-wing politics and rants against US President George W Bush, made the offer in a visit to London’s City Hall in May, and officials in the British capital and Caracas have been working since then to hash out the details.

Livingstone, a left-wing member of the Labour Party dubbed ‘Red Ken’, confirmed the agreement was in the making and it should be completed in the next two to three months.