Venezuela announces $5-bn Chinese loan for oil sector
Caracas (AFP) Sept 2, 2015 - Venezuelan President Nicolas Maduro announced China has granted his government a $5-billion loan to boost oil output in the recession-hit OPEC state. "We have signed a special program for a $5-billion loan to progressively increase oil production in the coming months," Maduro said on state television Tuesday night in a broadcast from China, where he is on a visit seeking support for Venezuel ... more
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