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Venezuela and Japan to Study Petchem Investments

9:42 AM MDT | April 7, 2009 | Kara Sissell

Venezuelan president Hugo Chavez and the government of Japan have signed 12 bilateral agreements to study the feasibility of Japanese firms investing in energy, infrastructure and petrochemical projects in Venezuela. The petchem projects include a memorandum of understanding between Venezuelan state petrochemical company Pequiven (Caracas) and Japan’s Marubeni to study olefins and polyethylene joint ventures at the Ana María Campos petrochemical complex on Lake Maracaibo in western Venezuela, a new fertilizer complex at the Jose petrochemical complex...

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