Fetching News Details

China to invest $250 million in Venezuela
July 5, 2018
Source: Bloomberg

China to invest $250 million in Venezuela

The Venezuelan Finance Ministry yesterday said that the China Development Bank will finance over $250 million to boost Venezuela’s oil production in the Orinoco Belt. Venezuela’s oil sector has been sending distress signal, and the Chinese investment might have showed up in time. A legal order, issued in May and granted to ConocoPhillips, froze the assets of PDVSA in Caribbean ports and terminals.

   Read More About : China UPSTREAM Venezuela PDVSA
⬅ all news

Please Login to Save News for Later