Venezuela to give China greater oil access

Via Seattle Post-Intelligencer, from AP: “President Hugo Chavez, seeking to reduce Venezuela’s dependence on selling oil to the United States, said Friday his country will give China greater access to its oil and natural gas resources.

Chavez, on a five-day visit to China, signed new agreements with Beijing allowing Chinese companies to explore for oil, set up refineries and produce natural gas in the South American country.”