The socialist Maduro regime sent a delegation to China seeking investments to reactivate and boost Venezuela's run-down oil industry.
According to Bloomberg, Venezuelan Oil Ministry officials have been closely working with officials from China’s National Petroleum Corporation since at least May on establishing a revamped pipeline deal that would allow for the direct trading of oil between both countries without the need for intermediary third parties.in the world, estimated at more than 300 billion barrels.
Its oil industry, however, has been brought to near-ruins in recent years as a result of more than two decades of socialist mismanagement, which caused Venezuela’s oil output to steadily decline.on PDVSA in response to myriad human rights violations committed by the socialist regime against its own people.some of the sanctions imposed on PDVSA in November 2022, allowing California-based Chevron to resume oil production and export Venezuelan oil to U.S. markets.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Communist Castro Regime to 'Dismantle' Human Trafficking Network Sending Cubans to Fight for Russia in UkraineCuba announces it is working to 'neutralize and dismantle' a human trafficking network that recruits Cubans to fight for Russia in Ukraine.
Read more »
'Antiracism' book removed from NC school district classrooms: 'Develop opinions off of the facts'The book's removal is temporary while the school board seeks 'balanced' learning materials.
Read more »
Malaysia seeks return of ex-Goldman banker convicted in 1MDB case By ReutersMalaysia seeks return of ex-Goldman banker convicted in 1MDB case
Read more »
A gentle touch: How a Turkish skincare specialist defies toxic beauty regimeA young visionary Turkish woman challenges beauty industry norms by offering natural, eco-friendly products and ushering in a new era of sustainable self-care.
Read more »