Japan invests into Venezuela's Oil.

Japan will invest 1,5 billion of dollars into PDVSA a Venezuelan company in exchange for oil deliveries. Japan has agreed to provide a 1.5 billion of dollars loan to the Venezuelan state company Petroleos de Venezuela (PDVSA) in exchange for delivery of 3 billion of Oil barrels to the Japanese government for five years. "We have got 54 nuclear power plants (NPP) and more than 30 of them are now closed because of an incident at the "Fukushima-1" plant so that is why the agreement with Venezuela is very important for the Japanese side in thermoelectric power," - says Takashi Kondo a Tokyo ambassador Read more.