[Marxism] Japan, Venezuela in energy development deal-Nikkei

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Japan, Venezuela in energy development deal-Nikkei
Reuters. March 18, 2009
http://www.reuters.com/article/marketsNews/idUSN1836915120090318


NEW YORK, March 18 (Reuters) - Japan and Venezuela will sign a
memorandum of understanding on Thursday covering cooperation in
developing energy resources including crude oil, natural gas and coal,
the financial daily Nikkei said in its Thursday edition.


"This would mark Japan's first energy development pact with a South
American nation," Nikkei said.


Japan now relies on the Middle East for about 90 percent of its crude
oil imports and is seeking to diversify its sources, the paper said.


It said the deal is expected to involve an increase in loans to
Venezuela by Japanese government-affiliated and private-sector
financial institutions. (Reporting by Gerald E. McCormick)

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