Chavez promises Nicaragua 200-year oil supply

Venezuelan President Hugo Chavez Friday promised his Nicaraguan counterpart a 200 year supply of oil.

The announcement came at the end of Chavez’s three-day-long visit for the inauguration of Nicaraguan President Daniel Oretega and for diplomatic and economic talks.

Venezuela will supply Nicaragua with 10,000 barrels of affordable oil per day, and build a refinery and 32 power stations that will produce 80 megawatts of electricity.
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