Chavez calls Japan to set up alliances

JAPAN: Venezuelan President Hugo Chavez called the Japanese businessmen to set up a strategic liquidity fund to brace relations and boost bilateral investments.

Chavez, now visiting Japan, noted the raising volume of Japanese investments and technology in Venezuela that wishes to set up joint ventures and alliances on energy, gas, industry and finances.

He added that Faja del Orinoco is splitting in blocks and invited Japan to invest there.

The Venezuelan statesman hopes to supply Japan one million oil barrels daily as owner of the largest world oil reserves that will allow it to export liquid gas in three years to Japan and other countries. Chavez termed the meeting successful and invited the Japanese businessmen to visit Venezuela and become familiar with future energy projects.

Venezuela and Japan signed today 12 energy cooperation accords that help cement economic collaboration.

Tokyo, Prensa Latina