Venezuela and China Boost Ties With Refinery Deal

Brian Ellsworth reports for Reuters from Caracas:

and China have agreed to build a refinery in China to process Venezuelan oil, advancing leftist President Hugo Chavez’s push to boost ties between the OPEC nation and one of the world’s fastest-growing energy consumers.

Chavez, a self-styled revolutionary and harsh critic of Washington, has increased energy and commercial ties with China to reduce Venezuela’s traditional reliance on energy markets in the United States.

In a ceremony late on Friday, Venezuelan state oil company PDVSA and the largest Chinese oil and gas company (0857.HK: Quote, Profile, Research) agreed to build a 400,000 barrel per day refinery in China’s Guandong province.

SUPPORT CDT

CDT on Twitter

Google Ads 1

CDT EBOOKS

Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.