Bloomberg News

Chavez Says Citic to ‘Participate’ in Petropiar Oil Venture

February 24, 2012

Feb. 24 (Bloomberg) -- Venezuelan President Hugo Chavez said that China’s Citic Group Corp. will sign an agreement to “participate” in the Petropiar oil venture with Petroleos de Venezuela SA and Chevron Corp on Feb. 27.

Chavez, speaking today in a nationwide broadcast, didn’t provide any additional details. Chevron has a minority stake in the venture.

--Editor: Daniel Cancel

To contact the reporter on this story: Nathan Crooks in Caracas at ncrooks@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net


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