Venezuela Increases Oil Export to China

Venezuela will increase petroleum exportation to China by 300,000 barrels daily, while it currently exports petroleum of 168,000 barrels to China each day, according to Venezuelan Petroleum Company recently.

Venezuela's daily production of crude oil will enhance to two million barrels. And China's need for petroleum will grow from now on. "Venezuelan Petroleum Company entrusts the good prospect of China's oil market," said Luis Vierma, Deputy Minister of Mines and Energy, Venezuela.