China now taking 28% of Venezuela oil production to repay debt

Venezuela only paid the interest on $19 billion in loans from China for the past two years. Some sources say the outstanding debt is $23 billion and other reports $50 billion in loans. Venezuela sent 700,000 barrels per day of crude and fuel to China through bilateral agreements, according to a Reuters review of PDVSA … Continue reading China now taking 28% of Venezuela oil production to repay debt