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AGREEMENTS | Venezuelan authorities informed

Venezuela, China reach agreements on electric energy & oil

The agreements include the development of 900 megawatts of oil coke-based and carbon-based electric power, and new oil prospecting areas

EL UNIVERSAL
Monday December 03, 2012  10:21 AM
Within the framework of the 11th High-Level Joint Committee meeting held in Beijing last week involving three Venezuelan ministers, Venezuela and China entered into new cooperation agreements in electric power and oil, the Venezuela's Ministry of Communication and Information stated.

"An agreement for the development of 900 megawatts of oil coke-based and carbon-based electric power has been entered into. New areas set for exploration, namely Junín 10 Sur, and the development of current fields have been agreed upon," Venezuela's Oil Minister Rafael Ramírez said, AFP cited.

The name of the company participating in the exploration of Junín 10, located in the Orinoco Oil Belt (55,314 km2 / 220,000 million of heavy oil) remains unknown.

Translated by Jhean Cabrera
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The rock of discord

A shipment of over 30,000 tons of phosphate arrived at Puerto Cabello port in late July on board the Shi Long Ling, a Chinese-flagged vessel that began its long journey in northern Africa. The cargo boat docked on July 26 after traveling more than 3,200 nautical miles. Undoubtedly, this would just be considered one in many cargo ships crisscrossing the oceans if it were not for the fact that Venezuela has denounced Western Sahara occupation by Morocco and yet purchases the territory's natural resource products from the occupying power.

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