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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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