Venezuela reaffirms continued operations of joint ventures with China and Russia following U.S. oil deal

The Daily Journal. — The Venezuelan government confirmed that hydrocarbon agreements with Chinese and Russian state-owned and private companies will remain in effect. It rejected claims that the recent energy deal with the United States would exclude capital from either country from oil extraction projects in Venezuela. Hydrocarbons Minister Paula Henao outlined the government’s official […]

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China will have no rights to new Venezuelan oil production revenue, U.S. Energy Secretary says

A day earlier, Beijing demanded respect for its energy agreements with Venezuela The Daily Journal.- U.S. Energy Secretary Chris Wright said China will have no rights to collect revenue from Venezuela’s new oil production as efforts move forward to restructure the Caribbean country’s massive debt. In an interview with Bloomberg Television from Caracas, the U.S. […]

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China demands protection of its oil interests in Venezuela following U.S. deal

Beijing called Tuesday for safeguards for its interests in fields operated by Chinese companies such as Sinopec and CNPC. The Daily Journal.- The Chinese government on Tuesday demanded protection for its interests in Venezuela following reports that, under the oil agreement between Caracas and Washington, U.S. companies could take control of several fields currently operated […]

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