Venezuela, which sells 60 percent of its oil to the US, and has a strained relationship with the US ay the same time, now tries to diversify its export partners range to reduce its dependence on its largest export market.
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Venezuela Widens Its Importers List
Venezuela's president Hugo Chavez has offered China
Venezuela?s president Hugo Chavez has offered China a full access to the country's oil reserves. His offer was made in the network of a trade deak between the two countries.
The offer will allow China to operate oil fields in Venezuela and invest in new refineries. Venezuela has also offered to supply 120,000 barrels of fuel oil a month to China.
Venezuela, which sells 60 percent of its oil to the US, and has a strained relationship with the US ay the same time, now tries to diversify its export partners range to reduce its dependence on its largest export market.
Venezuela, which sells 60 percent of its oil to the US, and has a strained relationship with the US ay the same time, now tries to diversify its export partners range to reduce its dependence on its largest export market.
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