Venezuelan President Hugo Chavez pursues energy treaties in South America Venezuelan President Hugo Chavez is on a four-nation swing through South America this week, using his country's oil riches to win friends and influence people. Yesterday, Chavez signed an "energy security treaty" with Nestor Kirchner, the president of Argentina; he will continue on to Uruguay, Ecuador, and Bolivia, where observers expect similar energy agreements to be cemented. The treaty with Argentina will see Venezuela buy $1 billion of that country's bonds, provide as much as $400 million for a new natural-gas plant, and cooperate on initiatives including oil refining projects, …
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