CNPC and PETROSIVEN donate work clothing and equipment to Venezuelan processing plant in 2005
Summary
Funding agency [Type]
China National Petroleum Corporation (CNPC) [State-owned Company]
PETROSINOVENSA [Joint Venture/Special Purpose Vehicle]
Recipient
Venezuela
Sector
Industry, mining, construction (Code: 320)
Flow type
Grant
Infrastructure
No
Category
Project lifecycle
Geography
Description
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.
Number of official sources
1
Number of total sources
1
Details
Cofinanced
No
Direct receiving agencies [Type]
CaicoSeco Processing Plant [Miscellaneous Agency Type]