SOURCE: Industrial Info Resources

May 04, 2007 05:05 ET

China and Venezuela Finalize Plans for a Joint Oil Fund

CORDOBA, ARGENTINA -- (MARKET WIRE) -- May 4, 2007 -- Researched by Industrial Info Resources (Sugar Land, Texas). According to Venezuela's President Hugo Chavez, China is to be part of a joint fund with Venezuela designed to finance $6 billion for heavy crude oil exploration and production projects.

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