CARACAS (Dow Jones)--Oil-rich Venezuela will send resource-hungry China 100,000 barrels a day of crude oil for the next 10 years to pay for a $20 billion loan agreed to over the weekend, Venezuela Oil Minister Rafael Ramirez said Thursday.
Ramirez, who is also the president of state-run Petroleos de Venezuela, or PDVSA, didn't indicate any specific price for the oil that may have been agreed to by the two nations. The average price for Venezuela's basket of crude oil and refined products began this week at about $75 a barrel.
The oil minister's comments ...
No comments:
Post a Comment