CNPC and Venezuela work jointly on US$14 billion oil project

CNPC and Venezuela work jointly on US$14 billion oil project 

David Nealis President Ceres Ltd

China National Petroleum Corp and Venezuela will work jointly on a US$14 billion development project in the South-American nation’s Orinoco heavy oil belt. This was one of the investment deals that Venezuelan officials agreed prior to President Nicolas Maduro's visit to China on 21 September. China has granted Venezuela roughly US$40 billion in loans the past several years. China in return gets 600,000 barrels of oil each day and has gained access to the immense natural resources of Venezuela.

To Trade Global and Chinese Futures Contact Us info@ceres888.com

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition