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Chávez re-election boosts Nicaragua oil dream

Wednesday, October 10, 2012

Nicaragua could become a major oil exporter by 2020, thanks to the recent reelection of Hugo Chávez as president of Venezuela.

Venezuela aims to invest some $6.6 billion for the construction of a refinery on the Pacific coast of Nicaragua.

Last April, it was announced that China's Camc Engineering would be responsible for the first stage of construction.

Full story (in Spanish)