September 3, 2015

Venezuela to Increase Oil Production with Loan from China

President Nicolas Maduro announced a US$5 billion loan with Beijing to increase Venezuela’s current oil production of 2.5 million barrels per day.

Venezuela will gradually increase its oil production throughout the next few months with a US$5 billion loan granted by China, President Nicolas Maduro announced in Beijing this Tuesday. Read more.

teleSUR

Related,
How is a bag of rice bleeding Venezuela's economy? (video) - teleSUR
Venezuela Arrests Over 50 National Guard for Ties to Border Smuggling - Venezuelanalysis

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