China Boosts Venezuela's Oil Production with Multi-Million Dollar Credit That Will Change Its History | Nicolás Maduro | Simon Zerpa | World



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The Government of China announced a special credit for its sister in Venezuela for 5 billion dollars with the intention of strengthening and saving oil production . the Minister of Economy and Finance, Simón Zerpa announced that the profits would be generated by the loan.

"We are already launching specific financing under a special loan The Government of China delivers to Venezuela $ 5,000 million, for direct investment projects in production, "reported the Venezuelan newspaper El Estímo, about the minister's statements. 19659004] YOU CAN SEE Argentina: Nahir Galarza is sentenced to life imprisonment for the murder of his boyfriend

According to reports, the government has obtained a direct investment permit by country Rte de la Development Bank of China for the production increase of the state-owned Petróleos de Venezuela for more than 250 million dollars becoming a big boost to further strengthen this area.

#Now | Minister of Economy and Finance Simón Zerpa, at a meeting with the Deputy Chairman of the National Commission for Development and Reform (NDRC), Mr. Ning Jizhe ~ #NoticiaMPPEF pic.twitter.com/qrK2aIU1GQ

– MPPEF (@MinEcoFinanzas) 4 July 2018

As recalled, it was July 3, date of the seventh meeting of the Technical Secretariat of the Commission Mixed High level Venezuela-China with the aim of strengthening bilateral relations between the two countries, in addition to evaluating agreements on productive issues. The meeting also agreed on the issue of oil production and economic, financial and energy issues.

Simón Zerpa also announced that in the coming weeks will be signed the signing of 3 new financings that will seek a positive impact on production Oil and other areas of Venezuela that have been left without momentum in the country, causing the increase of the crisis.

#EnFoto | Issues of great economic and energy impact are discussed at the meeting of the Technical Joint Committee of the High Level Joint Commission #Beijing pic.twitter.com/LwrABzX01B

– MPPEF (@ MinEcoFinanzas) 4 July 2018

China is one of Venezuela's most powerful and oldest allies, so the idea of ​​the multi-billion dollar loan had already been addressed before.

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