Breaking News         Latest US News              New York News              Fx Tribune

Braving the Wet Weather in Golf
The Chinese development Bank is providing five billion dollars to the Venezuelan oil company PDVSA. China is now the country's most important donor.

Oil: China lends Venezuela billions to petroleum industry

The Chinese development Bank is providing five billion dollars to the Venezuelan oil company PDVSA. China is now the country's most important donor.

Oil: China lends Venezuela billions to petroleum industry

China is helping Venezuela's angeschlagenerÖlindustrie with a billion-dollar loan: The ChinesischeEntwicklungsbank have assured state oil company PDVSA a loan of five billion US dollars, Venezuelan WirtschaftsministerSimón Zerpa With. The money is intended to increase oil production in so-called Orinoco Belt.

Oil production in Demlateinamerikanischen land was last dropped from 3.5 billion barrels a day to about 1.5 million barrels. This was mainly due to corruption, Misswirtschaftund to late investment in new technology and expertise. In order to compensate for decline in Venezuela and or countries, Organization of Petroleum Exporting Countries (OPEC) had recently decided to increase derFördermenge.

Venezuela is currently in einerschweren economic crisis and has hardly any currency. China is now wichtigsteGeldgeber of socialist government of Nicolás Maduro. In Vergangenenzehn years, government in Beijing has lent Venezuela some 60 billion dollars. KREDITEZAHLT Venezuela in form of oil supplies.

Breaking News Headlines

banner30
What to Fix When Selling Your Home: 7 Things You Should Check and Repair Before Listing Your Property
What to Fix When Selling Your Home: 7 Things You Should Check and Repair Before Listing Your Property
Expecting for Your Second Baby - Know Hidden Facts Here!
Expecting for Your Second Baby - Know Hidden Facts Here!
Reasons to bet with Bet365
Reasons to bet with Bet365
5 Wonderful Ways to Explore Central Park
5 Wonderful Ways to Explore Central Park
Several facts about international shipping services
Several facts about international shipping services
Bank Accounts and their main differences
Bank Accounts and their main differences
6 Out of the Box Ways to Save for Your Wanderlust Lifestyle
6 Out of the Box Ways to Save for Your Wanderlust Lifestyle
New Technology Aims to Make Motorcycles Safer
New Technology Aims to Make Motorcycles Safer
The Keys To Winning A Personal Injury Case
The Keys To Winning A Personal Injury Case
Bitcoin/Blockchain Technology Pushed For Utilization As Sports Betting Legalization Looms
Bitcoin/Blockchain Technology Pushed For Utilization As Sports Betting Legalization Looms
Hate Groups are real and continue to Grow
Hate Groups are real and continue to Grow
Do You Need Public Liability Insurance As Tradesmen?
Do You Need Public Liability Insurance As Tradesmen?
POLLS Results ALL
Who is the most powerful actor in Syria

banner31
Front Pages
  • The Sun
NEWS ARCHIVES