China signs Venezuela investment plans

Posted on December 22, 2010 • Filed under: Business, Oil, Venezuela

THREE state-owned Chinese companies have agreed to invest some $40b in oil and gas projects in Venezuela over the coming years.
The deal, which was struck between Venezuela’s oil minister Rafael Ramirez and China’s v ice premier Li Keqiang at a meeting in Qatar, represent at least $40b dollars that will be invested during a period up to 2016,” Ramirez says. Read Article

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