venezuelanalysis.com | 04 October, 2016
Los Angeles, October 4th 2016 (venezuelanalysis) – Venezuela confirmed Tuesday the South American nation’s 672 socio-economic developments projects with China have advanced. Venezuelan President of the China-Venezuela Mixed High Commission Ricardo Menéndez discussed the projects during a press conference in Caracas. The announcement comes also as Venezuela Minister of Foreign Affairs Delcy Rodríguez met with her Chinese counterpart Zhao Bentang in Venezuela on Sunday.
Likewise, Venezuelan media outlet Últimas Noticias reports that Ministry of Energy and Oil Eulogio Del Pino expressed during an interview with the television program “even Questions that “Since last year, we have worked on the portfolio of these oil projects. The Chinese government approved us [Venezuela] a loan of US$5 billion.”