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China Concord Resources Corp (CCRC) is developing two oilfields in Venezuela with investment plans exceeding $1 billion and ...
While it might seem minor it was yet another sign of Venezuela’s need to publicize its rapprochement with China in the midst ...
Beijing is likely to increase its economic support for Venezuela, its only all-weather strategic partner in South America, as tensions rise between Washington and Caracas. However, analysts suggest ...
China Concord Resources Corp has begun developing two Venezuelan oilfields, planning to invest more than $1 billion in a project to produce 60,000 barrels per day of crude oil by end-2026, an ...
At least three US Navy guided missile destroyers and thousands of Marines are currently off the coast of Venezuela, with ...
China on Wednesday upgraded relations with Venezuela to an "all-weather strategic partnership", typically reserved for a select few nations. The world's second-largest economy is owed over $10 ...
Venezuela remains heavily indebted to China following $50 billion granted through credit lines and oil-for-loan deals dating back to 2007 under the late President Hugo Chavez's administration.
In 2015, Venezuela was producing 2.62 million barrels of oil a day, about 20% of which were shipped to China. As of August, Venezuela’s oil production has dropped to 2.33 million barrels a day.
China now buys an average of 338,000 barrels of Venezuelan oil daily, a figure that could rise to 1 million a day by 2012, Chavez has said. Venezuela subsidizes those sales by paying the freight ...
Tensions are escalating in the Caribbean as the United States deploys three Aegis-equipped guided-missile destroyers — USS ...