japan and venezuela credit for oil swap
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Japan and Venezuela, credit for oil swap

Egypt Today, egypt today

Egypt Today, egypt today Japan and Venezuela, credit for oil swap

Caracas - AFP

Japan will lend $1.5 billion to the state-owned oil company PDVSA in exchange for three million barrels of crude oil over the next five years, according to a Japanese diplomat. "We have 54 nuclear plants and more than 30 are not in use because of the accident at Fukushima, so this agreement with Venezuela is very important to us for thermo-electric energy in Japan," said Takashi Kondo, the spokesman for the Japanese embassy in Caracas. A 9.0 magnitude earthquake and devastating tsunami which hit Japan on March 11 caused major damage to the Fukushima Daiichi nuclear plant, forcing its closure. Venezuela is South America's largest crude producer, but its coastline does not face the Pacific, and it has never sold oil directly to Asia because of supply difficulties. The cost of shipping the oil will be borne by the Japanese companies Mitsubishi, Itochu, Marubeni et Mitsui, which are financing 10 percent of the loan. The other loan guarantors are the Japanese Bank for International Cooperation and two private Japanese banks, Kondo said. Venezuela says it produces three million barrels of crude per day, although that figure is disputed by the Organization of Petroleum Exporting Countries, which puts the number at 2.3 million barrels per day. The agreement between the two countries will be formally signed on June 28.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

japan and venezuela credit for oil swap japan and venezuela credit for oil swap



GMT 08:31 2018 Monday ,22 January

West's 'Russiaphobia' worse than

GMT 12:40 2017 Thursday ,06 April

As streaming booms, songs getting faster

GMT 01:25 2011 Friday ,25 November

Giant volcanoes in Chile\'s wild Atacama

GMT 01:55 2017 Friday ,21 April

Unveils giant restored statue of Ramses II

GMT 13:53 2012 Monday ,16 January

Will Saleh’s men compromise his exit strategy?

GMT 17:38 2011 Monday ,09 May

10 of the best places for summer holidays

GMT 13:36 2015 Tuesday ,25 August

Lion kills guide in Zimbabwe park where Cecil lived

GMT 08:24 2016 Tuesday ,15 November

Berlin wild charms make it first choice

GMT 10:45 2012 Thursday ,19 July

ProSiebenSat.1 plans online TV channel

GMT 06:05 2012 Tuesday ,14 August

Memory, learning power unaffected

GMT 13:26 2017 Tuesday ,25 July

Nasr: lure dlrs 30 bn in investments in SCZone

GMT 13:58 2012 Tuesday ,07 February

Upstaged Bastakiya fights to regain place in Dubai
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday