Venezuela says signs new $16bn China oil deal
This is a discussion on Venezuela says signs new $16bn China oil deal within the China News forum, part of the Doing Business in China category; President Hugo Chavez said Venezuela signed a $16bn investment deal with China over three years to raise oil output by ...
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Sep 17th, 2009, 01:40 AM
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Venezuela says signs new $16bn China oil deal
President Hugo Chavez said Venezuela signed a $16bn investment deal with China over three years to raise oil output by several hundred thousand barrels per day in the Orinoco belt.
Mr Chávez gave few details of the deal he said was signed on Tuesday. But he appeared to be talking about a new investment, separate from a similar amount China has promised Venezuela in return for future shipments of fuel oil. More... |
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