Tag: Zhang Yaocan

• Wednesday, September 18th 2013 - 06:43 UTC

  China will help Venezuela develop a huge oil field investing 14bn dollars

  

  China’s hydrocarbons company Sinopec and Venezuela’s PDVSA (Petroleos de Venezuela SA) agreed investments to develop the Junin 1 oil field in the Orinoco oil strip, which will demand 14 billion dollars for a daily extraction of 200.000 barrels, said PDVSA president Rafael Ramírez currently in Beijing.