Mitsubishi Corporation signs Joint Venture Agreement on Development of Venezuelan Orinoco Oil Belt

  Tokyo, May 13, 2010 - (ACN Newswire) - Mitsubishi Corporation has entered into Joint Venture Agreement on 12th May on development of Orinoco extra-heavy crude oil produced in the Carabobo blocks situated along Orinoco River in Bolivarian Republic of Venezuela.The proposed Joint Venture, established in late May, will consist of Japan Carabobo UK Ltd, a subsidiary of Japan Carabobo, Ltd.  

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