Venezuela energy deals hint at new horizons

Home > Business > Industry

print dictionary print

Venezuela energy deals hint at new horizons

Korea will pursue five energy and infrastructure development projects in Venezuela worth $11.1 billion that could open new business opportunities for local companies in the South American country, Seoul said yesterday.

The Ministry of Knowledge Economy said it signed four MOUs and one letter of intent (LOI) with Venezuela’s energy and oil ministry in Seoul.

The deals cover the building of pipelines, storage and harbor facilities for oil, a petroleum coke power generation plant and an oil refinery project and petrochemical facility. Korean companies will work with a state-run oil operator and Venezuela’s top petrochemical company.

Yonhap

More in Industry

Kia plant hit with infections for second time this month

LG Chem gets a boost in battery patent lawsuit against SK Innovation

[TEST DRIVE] There are few rides more comfortable than the Volvo S90

India is the battleground country for Samsung and Apple

Hyundai Motor unveils two electric models at Beijing car show

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now