Turkey and Venezuela working on finance models

Zafer Caglayan said he would visit Portugal, Venezuela and Argentina in the following week.

Turkey and Venezuela working on finance models

Turkey's state minister for foreign trade said on Sunday that Turkey and Venezuela were working on a few finance models regarding the bid to construct dwellings in Venezuela in return for oil.

Zafer Caglayan said he would visit Portugal, Venezuela and Argentina in the following week, and Venezuela needed 150,000 dwellings in 2001 and 200,000 more in 2012.

"These dwellings will be 42-60-72-square meter social dwellings, and Venezuela also needs social facilities, schools and gym halls," Caglayan said.

Caglayan said contractors, construction material producers, and engineers will accompany him during his visit to Venezuela.

Regarding finance models with Venezuela, Caglayan said Turkey could build 10,000 dwellings of 60 square meters at first, and Venezuela could meet the cost from its general budget.

Caglayan said the second model was granting Turkey the privilege to explore oil, and in the third model, Venezuelan oil companies could sell oil to third companies and Venezuela could pay for the construction costs from a bank account.

"As the third model, Venezuela can export 4 million tons of petrocoke and earn 400 million USD, and use it to finance dwellings to be constructed by Turkish contractors," the minister said.

Caglayan said Turkey and Venezuela were also working on a model in which Venezuelan oil exploration company had 60 percent, Turkish Petroleum Corporation (TPAO) had 30 percent and South African company had 10 percent share.

"In all the finance models, 20,000-25,000 dwellings can be built," Caglayan said.

Commenting on his visit to Brussels, Belgium, Caglayan said Belgian Minister of Enterprise & Streamlining Vincent Van Quickenborne was planning to visit Turkey with a trade and investment delegation next year.

Caglayan quoted Quickenborne as saying that Belgium was working to facilitate visa procedures for Turkish businessmen.

During his visit to Brussels, Caglayan met Van Quickenborne and European Commission Vice-President Siim Kallas and debated Cyprus issue.

"I told Kallas that the EU's decision to block opening of negotiations on 17 chapters is unjust," Caglayan said.

Caglayan also delivered a speech in a trade seminar, and received "Prix de la Fondation" award from Crans Montana Forum.

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Last Mod: 20 Şubat 2011, 17:03
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