Venezuela, China Sign Oil Deals – WSJ.com

23/12/2009 § Leave a comment

 

After two days of talks in Caracas, the China National Offshore Oil Corporation will help the government of President Hugo Chavez develop the Boyaca 3 oil block in the Orinoco-belt, a large heavy-crude basin in Eastern Venezuela.

The Chinese oil titan also agreed to build a refinery with Venezuela that will process crude from a joint oil venture between the two countries that operates the Junin 8 block.

Notice the bald attempt by WSJ to plant in its readers head that this is a bad thing. China is making deals to provide for it’s energy needs while all Duhmerica can do is make threats and start wars. Duhmerica, ain’t it grand.

Venezuela, China Sign Oil Deals – WSJ.com

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