China Demands Rights Guarantee as US Firm Secures 100-Year Venezuelan Oil Deal
26 Articles
26 Articles
China demanded this Tuesday that its interests be safeguarded in Venezuela, after some media reported that the new oil agreement between Caracas and Washington could affect fields in which Chinese companies operate, such as the state-run Sinopec and CNPC. “China’s legitimate rights and interests in Venezuela must be safeguarded,” [...]
Kremlin leader Vladimir Putin's efforts to maintain support for the Venezuelan regime have finally failed. It turned out that the Russian company that operates oil fields in this South American country will lose its assets, writes Bloomberg. After Donald Trump announced the "largest oil deal in the history of the world", there was no place for China here either.
The American company will gain control of some of Venezuela's strategic oil assets by removing Chinese and Russian interests.
The United States’ control over part of Venezuela’s oil reserves should guarantee that China’s interests are protected, said Guo Jiakun, an official spokesperson for the Chinese Foreign Ministry
“China has taken note of the relevant information. Trade and economic cooperation between the countries should be based on equal principles, taking into account mutual interests and mutual benefit,” he said.️...
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