Arab Today, arab today china signs off on 5bn loan to boost venezuela oil output
Last Updated : GMT 15:04:20
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China signs off on $5bn loan to boost Venezuela oil output

Arab Today, arab today

Arab Today, arab today China signs off on $5bn loan to boost Venezuela oil output

President Nicolas Maduro
Carcas - SPA

Venezuela and China have signed a deal for a $5 billion loan designed to increase the OPEC country's oil production, Reuters quoted Venezuelan President Nicolas Maduro as saying.

Maduro, speaking from China in a program broadcast on Venezuelan state television late on Tuesday, said the loan was destined 'to increase oil production in a gradual way in coming months,' without providing further details.

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