Tag: Venezuela

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Venezuela, China to Build Refineries, Boost Sales

From Bloomberg: Venezuela, the world’s fifth-largest oil exporter, and China plan to build refineries and boost oil shipments, said President Hugo Chavez, who is seeking to lessen dependence on the U.S. The countries will sign agreements that will include building a refinery in block Junin 8 in the Orinoco Belt, South America’s biggest oil area, Chavez said today in Beijing in a phone