Economy
Venezuela in deal to boost oil sales to China
(Agencies)
Updated: 2009-12-24 10:36
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CARACAS: Venezuela's government will sell China an additional 130,000 barrels of oil a day beginning next year, raising the daily total to 630,000 barrels, the national news agency said Wednesday.
"The day will arrive in which Venezuela will send much more than a million barrels of crude to China" a day, the agency quoted Chavez as saying.
Earlier this year, Venezuela announced it would begin building one of three oil refineries it plans to have in China, which is a growing consumer of the world's oil as its economy booms.
