Venezuela to invest Us$20 bln in domestic energy, petrochemical industry

By 2013, Venezuelan government will invest almost US$20 billion in domestic energy projects, with an emphasis on the petrochemical industry, as part of a program called the "Energy Revolution'.' With this program, Venezuela will be Latin America's top fertilizer producer and the number one producer of plastics and derivatives. Advances in the country's petrochemical industry will also help diversify the economy.