![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
FUEL * Venezuela and Brazil: Seal oil refinery deal
Caracas,Venezuela -DPA/Earth Times -31 Oct 2009: -- Venezuela and Brazil have agreed to build and operate a joint oil refinery in the Brazilian state of Pernambuco following years of negotiations... The state-owned Brazilian oil company Petrobras will own 60 per cent and its Venezuelan counterpart Petroleos de Venezuela 40 per cent, according to the deal signed on Friday... The total cost of the project is about 12 billion dollars, media reports said... Building work on the Abreu e Lima refinery has already begun... The installation is designed to have a daily capacity of up to 230,000 barrels and is scheduled to start production in 2011... Labels: fuel refineries
posted by Unknown @ 7:11 AM
0 Comments:
Post a Comment
<< Home