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Vietnam's graft hunters zero in on Venezuela oil project

$584m 'contract bonus' to Caracas probed amid drive to clean up state enterprises

PetroVietnam oil tanks stand on the coast of in Vung Tau, Vietnam.   © Reuters

HO CHI MINH CITY -- Vietnam's Ministry of Public Security is investigating a loss-making oil and gas project in Venezuela, as Hanoi probes corruption involving state enterprises and the South American country falls deeper into chaos.

The Vietnamese authorities have asked state-run Vietnam Oil and Gas Group, better known as PVN, to "provide all documents relating to the implementation of the project" to tap and upgrade the Junin-2 oil field in Venezuela's Orinoco Belt, an area thought to contain the world's largest oil reserves.

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