Ecuador and Venezuela is signing an official agreement between both energy ministers for a new fertilizer project joint-venture. This will make both coutries as the major producer of fertilizers in the region. The agreement involves a construction of 300,000 bpd refinery which is to be completed by 2013. The stakeholders are known to be Petroecuador of Ecuador 51% stake and Venezuela's PDVSA owning 49%.
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Energy singularity means a point where our source of energy is almost infinite, coming from the renewable sources and completely accessible to everyone on the planet.
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