Search This Blog

Saturday, November 08, 2008

China boosts weapons ties with Venezuela, Brazil

Alongside their military deals, the People's Republic of China and the South American nations of Venezuela and Brazil have been cooperating extensively in the oil industry.

In May 2008 the Venezuelan News Press reported that China Petrochemical Corp., or Sinopec, was signing a billion-dollar contract with Venezuela's state-owned Petroleos de Venezuela -- PDVSA.

The contract provides for the joint establishment of a large refinery in China's southern province of Guangdong.

In 2007 Sinopec and Petroleos de Venezuela announced they would jointly invest $10 billion to develop Venezuela's Orinoco oil field.

During his visit to China in 2006, Venezuelan President Hugo Chavez already signed an oil contract worth $11 billion with the Beijing government.

It was after this visit that Chavez made the surprise announcement that he wanted to import J-10A fighters from China.

Read more (free subscription required)
om

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.