This article intends approaches, in an introductory way, the creation of the Petrocaribe project, whose rise is inserted in the middle of the repositioning of Venezuela as a fundamental actor in the economic and energetic relations in the region of Latin America, amid the promotion of the Bolivarian Revolution, initiated in 1998, with the election of Venezuelan president Hugo Chavez Frias. In this sense, we will first look at the configuration of Petrocaribe during the disputes of the economic integration projects in Latin America between the late 1990s and the transition to the first years of the 21st century, especially the integration models conceived by the Free Trade Area of the Americas (FTAA) and Bolivarian Alliance for the Peoples of Our America-Peoples' Commerce Treaty (Alba). Having done so, we will explain the nature of Petrocaribe’s political project, highlighting the participation of Venezuela as an important country in order to think about energy integration in the Caribbean region and, at the same time, being a central player in the subject of energy integration in the subcontinent. Finally, we will present a brief review of the group’s ten years of activities and, above all, the challenges and contributions of Petrocaribe amid a scenario of falling oil prices in the international market.