Chávez in oil deal with China, arms deal with Russia
China and Venezuela signed 12 energy agreements in Beijing Sept. 25, calling for the South American country to export half a million barrels of oil a day to the Asian giant starting next year. The deal was signed on the final day of a three-day visit to China by Venezuela's President Hugo Chávez. The South American nation is the fifth exporter of crude oil in the world, but currently provides only 4% of Chinese imports of the product. The agreements also involve the construction of a new refinery in Venezuela with Chinese aid. (Radio Australia, Sept. 25)
Chávez then flew to Moscow, where Prime Minister Vladimir Putin said he will loan Venezuela $1 billion to purchase Russian military hardware. He also said is ready to consider helping Venezuela develop a nuclear energy program. This was Chávez's second trip to Russia in as many months. (VOA, Sept. 25)
See our last posts on Venezuela, and Russia and China.
Recent Updates
2 days 13 hours ago
3 days 14 hours ago
3 days 18 hours ago
3 days 18 hours ago
3 days 18 hours ago
3 days 19 hours ago
4 days 17 hours ago
1 week 11 hours ago
1 week 1 day ago
1 week 1 day ago