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Chavez Tweets $40B Oil Investment Signing Plan

Chavez Tweets $40B Oil Investment Signing Plan
dj
Δευ, 10 Μαΐου 2010 - 18:58
President Hugo Chavez said in a Twitter message that Venezuela on Wednesday will sign investment deals worth $40 billion with oil companies from the U.S., India, Japan and Spain. Firms from these countries, including Chevron (CVX) and Repsol (REP.MC) , are involved in consortia that won rights to drill for oil with state-run PDVSA in Carabobo oil blocks.
President Hugo Chavez said in a Twitter message that Venezuela on Wednesday will sign investment deals worth $40 billion with oil companies from the U.S. , India , Japan and Spain . Firms from these countries, including Chevron (CVX) and Repsol (REP.MC) , are involved in consortia that won rights to drill for oil with state-run PDVSA in Carabobo oil blocks. So analysts say Chavez' brief tweet likely means Wednesday will be signing of the joint venture deals. Govt officials weren't available.

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