Saturday, December 03, 2005

Venezuela Builds Pipeline Stretching to Argentina

http://en.chinabroadcast.cn/2239/2005-11-22/138@283511.htm

Venezuela Builds Pipeline Stretching to Argentina

Venezuela has signed an agreement with Argentina to build a natural gas pipeline, supplying energy for Argentina.

The agreement was reached after the meeting between Argentine president Nestor Kirchner and Venezuela president Hugo Chavez on Monday.

The 6,000-kilometre-pipeline is been estimated at 10 billion US dollars.

Commenting on the agreement, Argentinean President Nestor Kirchner said that two countries were taking a "historic step" in deepening ties.

"It is very important what we accomplish this afternoon, what we are signing today, this is a forward step to in the bilateral relation, and I believe an historic one, an historic step that is also a precedent for the region integration."

Venezuela, the world's No. 5 oil exporter, is planning to build a network of pipelines carrying its natural gas to South American markets, and eventually tapping into supplies in Bolivia, in the bottom of South America.

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