January
14, 2004
ExxonMobil to invest US$3 billion
in Venezuela
(Multipuerta, reproduced by Conapri´s
Newsletter) - "The multinational ExxonMobil
Chemical is to invest US$3 billion in the construction
and installation of a petrochemical complex in
Jose, Anzoátegui state. Last Tuesday, executives
from the ExxonMobil de Venezuela SA and the US
ExxonMobil Corporation consortium met with National
Customs and Tax Superintendent José Gregorio
Vielma Mora to exchange ideas and information
on Venezuelan tax conditions including tax incentives
for foreign investment. Vielma Mora said that
the demand for inputs and services that this type
of project generates would strengthen national
production, and diversify the state and local
economy".
