WRAP Venezuelan President gives news conference ADDS at site of future oil refinery

The video discusses Venezuela's plan to invest $4 billion in a major refinery over the next three years, as part of the Petro Sur initiative, an energy alliance in South America. It highlights the importance of this refinery and the collaboration between Venezuela and Brazil, which has significant oil reserves. The video also covers the transportation of oil from the Orinoco Belt to Brazil for refining, emphasizing the strategic partnership in the region.

What is the 'petro sur' alliance mentioned in the text?

Where is the oil being transported from to be refined in Venezuela?