(EnergyAsia, May 25 2012, Friday) — The Venezuelan government has doubled the borrowing ceiling on its oil-for-loan deal with China to US$8 billion provided for under its 2008 deal with the China Development Bank.The oil-producing country’s Congress this week rubber-stamped the proposal that will see the government of President Hugo Chavez increase Venezuela’s dependence on…
CHINA: Venezuela approves doubling borrowing limit to US$8 billion
Posted on May 25, 2012 by EnergyAsia