Japan to invest US$8 bln in petrochemical projects in Venezuela

Japan and Venezuela have inked agreements to cooperate in 12 projects. Japan will invest US$33.5 bln over the next five years in Venezuela's petrochemical and oil and gas sectors. This will be allocated as follows: US$8 bln in petrochemical projects, US$1.5 bln in crude oil refining, US$10 bln in liquefied natural gas projects.
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