English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 12:42, August 08, 2005
Venezuela works on agreement to import oil pipelines from Brazil
font size    

Venezuelan President Hugo Chavez on Sunday said his country is preparing an agreement with Brazil to produce oil pipelines, which Venezuela currently imports from the United States.

Chavez told a press conference that Venezuela's state-run petroleum firm, PDVSA, is working on an agreement with a Brazilian firm, whose name was not revealed.

But he mentioned a firm of 300 workers near Rio de Janeiro, which produces fiber-glass pipes for the Brazilian industry at only 15 percent of its capacity.

The firms were abandoned by their owners 10 years ago, but workers saved them later and have since kept them in operation, Chavez said.

"We want to help them because there is none to give them credits. Banks function in accordance with the orders of the International Monetary Fund, the world monetary imperialism, but we are free from that," said the president.

He said his country could import this material from Brazil instead of importing it from the United States.

The deal would benefit not only Venezuela, but also the rest of the world, he said.

On Saturday evening, Chavez talked about the deal with visiting union leaders from Brazil, Argentina and Uruguay. He is scheduled to go to Montevideo, the capital of Uruguay, on Aug. 10, to embark on a brief tour of the three nations.

Venezuela is a major oil supplier to the United States. But tensions are mounting with a series of accusations and counter-accusations between Washington and Caracas. Chavez has repeatedly accused the US government of plotting against him to try to take control of the country's vast oil reserves.

Source: Xinhua

Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this

- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Online marketplace of Manufacturers & Wholesalers

Copyright by People's Daily Online, all rights reserved