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Overview

CNPC and PETROSIVEN donate work clothing and equipment to Venezuelan processing plant in 2005

Commitment Year•2010Country of Activity•VenezuelaDirect Recipient Country of Incorporation•Saint Vincent and the GrenadinesSector•EnergyFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 10, 2010
End (actual)
Jun 10, 2010

Geospatial footprint

Map overview

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CaicoSeco is a small, indigenous village located in El Tigre, Anzoátegui, Venezuela. It holds around 50 indigenous households.

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned companies

  • China National Petroleum Corporation (CNPC)

Receiving agencies

Miscellaneous Agency Types

  • CaicoSeco Processing Plant

Implementing agencies

Joint Venture/Special Purpose Vehicles

  • PETROSINOVENSA

Loan desecription

CNPC and PETROSIVEN donate work clothing and equipment to Venezuelan processing plant in 2005

Narrative

Full Description

Project narrative

On June 10, 2010, the state-owned company, China National Petroleum Corporation (CNPC), and its local joint-venture, PETROSIVENSA, donated work clothes and equipment to a cassava processing plant in the village of CaicoSeco. CNPC incorporated the indigenous village of CaicoSeco into its local community development program in 2005 by implementing the cassava plantation and processing plant through PETROSIVEN investment, furthering local employment, and aiding individuals in poverty. The donations made by CNPC and PETROSIVENSA benefited over 300 local residents within CaicoSeco.