Venezuela plans petrochemical revolution - Chavez

24 September 2007 08:03  [Source: ICIS news]

SINGAPORE (ICIS news)--Major oil producer Venezuela is planning to “revolutionise” its petrochemicals industry to rake in an income of $100bn during the next five years, the country’s leader said.

 

The nation planned to add 83 new plants which will require an investment of $20bn and create 700,000 jobs, President Hugo Chavez said during his regular Sunday television programme.

 

This will mark the start of a petrochemicals revolution in Venezuela, he added.

($1 = €0.71)

 

 

By: Florence Tan
+65 6780 4359

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