Chavez tour to bring millions in investment to Venezuela

Oct 29, 2001 01:00 AM

Venezuelan President Hugo Chavez said his 18-country tour had been his most successful foreign journey thus far and would generate millions in investment for the nation. "There is a combination of economic achievements that is going to be very positive in attracting productive investment, generating jobs and contributing to the development of the economy," Chavez told some 4,000 who gathered to welcome him home.
He said investors throughout the world were interested in Venezuela's tourism, manufacturing and energy sectors and that he had seen evidence of this in the 15 countries he visited during his Oct. 6-27 tour.

The president also attributed the recent rebound in the price of Venezuelan oil to $ 16.52 a barrel to his "campaign for fair oil prices," which, he said, would be $ 21 to $ 22 a barrel. Chavez left Venezuela on Oct. 6, visiting Switzerland, France, Italy, the Vatican, Belgium, Austria, Portugal, Britain and Algeria, where he announced his "crusade" for fair oil prices.
He also made brief stops in Libya, Iran and Saudi Arabia -- Venezuela's partners in OPEC -- and in Russia, Mexico and Canada, which are independent oil producers. Chavez was seeking agreement on his proposal that OPEC countries cut production by 1 mm bpd to stabilize a "glutted" world oil market.

Source: EFE
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