Chavez: Chinese to Invest Heavily in Orinoco

摘要

President Hugo Chavez said on Wednesday that Venezuela had struck a $16 billion investment deal with China to produce oil in the Orinoco heavy oil belt. "We have made an agreement with China for the Orinoco oil belt, an investment over the next three years for $16 billion more," Chavez said during a televised speech marking the first day of the national school year in Venezuela.