The rise of a great power: starting with military industry

Venezuela has abundant oil reserves and is a major oil exporter in the world and one of the founding members of the Organization of Petroleum Exporting Countries (OPEC).

Venezuela's economy is highly dependent on oil, and the oil industry is the pillar industry of the national economy.

Since Chavez nationalized the oil industry, the exploration, development, production, sales, processing and export of oil have all been the responsibility of the National Oil Corporation.

The National Oil Company has also become the largest state-owned enterprise in Venezuela.

Chavez's greatest confidence comes from the huge income from oil and natural gas.

In addition to the huge income from the oil and gas industry, Chavez did not relax in other areas.

Venezuela is also very rich in mineral resources. The Orinoco Mineral Belt covers an area of ​​11 square kilometers, with proven gold reserves of 4136 million tons, prospective reserves of 7000 tons, 3379 million carats of diamonds, proven iron ore reserves of 36.4 billion tons, and 146.8 billion tons of bauxite. In addition, there are rich mineral resources such as coltan, kaolin, and copper.

The Orinoco Mineral Belt is expected to have an ultimate commercial value of US$2 trillion, including gold, iron ore, bauxite, etc.

This time, Chavez wanted to introduce Chinese capital to develop a joint venture with the Venezuelan government.

After all, it is not easy for Venezuela to develop the Orinoco mineral belt on its own.

Moreover, through this large-scale cooperation, the relationship between the two sides can be promoted and become closer.

Zhou Zhenguo is not only the chief person in charge of Panshan Group’s mercenaries in Latin America, but also the chief person in charge of Panshan Group in Latin America.

Panshan Group, as the largest company in China with an excellent reputation, is naturally the best partner.

In recent years, he nationalized oil, gas, minerals, railways, etc., and Panshan Group gave huge support. Although Venezuela also paid the ransom, Chavez actually knew that the ransom was not enough for its original value.

Of course, Chavez is assured that China is thousands of miles away from Venezuela, which means there will be no conflicts between the two sides, and they will only cooperate. Moreover, there are very few Chinese in Venezuela, only 40 in total, accounting for less than 1.5% of the total population of Venezuela.

Moreover, the Chinese in Venezuela are either skilled workers, entrepreneurs, teachers, or honest farmers. They have always been honest and dutiful, never participated in politics, and have never joined the army. They have always had an excellent reputation, so Chavez is naturally very relieved.

And what’s crucial is that these 40 people are his supporters and they very much support his policies.

Zhou Zhenguo's expression changed when he heard Chavez talking about the Orinoco Mineral Belt.

He naturally knew about the Orinoco Mineral Belt, because Panshan Group was deeply involved in the exploration of the Orinoco Mineral Belt.

After all, Venezuela's own exploration capabilities alone are not enough to complete such a huge project.

Venezuela's industrial capacity is not strong, and it is mainly based on the oil industry. Other industries include gold mining, diamonds, coal, etc., followed by steel, aluminum production, power chemicals, building materials, textiles, food processing, tobacco, rubber, wood, etc.

It is only because of China’s investment and construction that we have the current industry.

"How to cooperate?" Zhou Zhenguo asked.

"Our Venezuelan government must hold at least 55% of the shares, and you or our domestic private investors can hold a maximum of 45%," Chavez said.

Chavez wants to nationalize major industries, but that does not mean that state-owned shares must reach 100%, but that state-owned shares must reach controlling stakes.

Zhou Zhenguo was weighing the pros and cons in his mind.

After all, this investment requires tens of billions or even hundreds of billions of dollars, and it is risky.

Zhou Zhenguo hesitated for a moment and said, "Chavez, I will report this to the country. Wait for my news."

"No problem!" Chavez smiled.

Such a big deal is not easy to achieve. Chavez even planned to visit China.

In the afternoon, Zhou Zhenguo came to a port, which was originally invested and built by Panshan Group. After Chavez nationalized the port, Panshan Group chose to hold port shares + ransom plan, and currently holds 45% of this port.

There is a cargo ship here, currently loading cocoa and coffee.

Venezuela has a long history of growing coffee and cocoa. Before the rise of the oil industry, coffee and cocoa once occupied an important position in Venezuela's national economy.

Venezuelan coffee and cocoa are of high quality and pure taste. They have always sold well in the international market and are also very popular in China.

Many Chinese coffee shops hand-grind coffee using Venezuelan coffee.

Venezuela's main agricultural products include rice, cocoa, coffee, sugarcane, corn, beans, potatoes, etc.

Cocoa and coffee are the most famous, with a significant annual export volume.

The trade settlement between the two parties adopts the dual settlement system of RMB + US dollar, with part of the payment being made in RMB and part in US dollar.

Chavez and Zhou Zhenguo were chatting and laughing.

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The total arable land area in Venezuela is about 3000 million hectares, or 4 million mu. If it were in China, 4 million mu of land would be enough to feed nearly 3 million people. But Venezuela is different. Although it has such a large amount of arable land, Venezuela cannot be self-sufficient in food. The Venezuelan National Food Corporation needs to import a large amount of food every year to meet the domestic market demand.

Among them, Panshan Group is the largest food trading party.

Panshan Group transports grain from Brazil and Argentina, and then sells it to Venezuela, making some profit from the intermediary price.

Chavez said: "The more I read Selected Works of Mao, the more I admire your Mao. Facts have proved that he was right. He is like a beacon, guiding me!"

Zhou Zhenguo smiled. No one knew whether Chavez's words were true or false. Maybe he was just being polite.

Then Chavez talked about his plan to visit China.

Zhou Zhenguo's expression changed and he was a little surprised.

Since 1998, Chavez has visited China once a year because of the close relationship between the two countries.

Chavez has already visited China this year, and now he is going to visit China again.

Such visits are very carefully arranged and will not be arranged lightly.

Zhou Zhenguo smiled and said, "You are a good friend of our Huaxia, we will definitely welcome you warmly!"

"I might be in China by then. If so, I'll treat you to a meal and show my hospitality!" Zhou Zhenguo said.

He returns home only twice a year, both times for vacation.

Each vacation is half a month, for a total of one month of vacation a year.

He is about to take a vacation. He usually chooses to take a mid-year vacation in July or August so that he can spend more time with his children.

He felt that the people he felt most sorry for so far were his wife and children, as he spent too little time with them.

Fortunately, his wife managed the family well, and his son was also very hardworking and was admitted to the National Defense University. (End of this chapter)