Chinese investors to develop farmland in western Monagas to boost agro-food zone

Monagas governor Ernesto Luna announced on Wednesday the signing of an agreement with the Chinese investment group China Ai, aimed at developing an ambitious agro-industrial project on lands in western Monagas. The initiative includes the creation of several joint ventures and an International Investment Fund, with the goal of driving food production and exports from the region.

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Colombia Hosts Over 30 Countries, Including Venezuela, to Discuss Actions on Gaza

With a strong message from UN rapporteur Francesca Albanese, the Hague Group summit in Bogotá brought together delegations from more than 30 countries to coordinate diplomatic, legal, and economic actions against Israel and demand an immediate end to the massacre in Gaza. Venezuela and Colombia reinforced their support for the Palestinian cause and denounced international impunity.

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China raises crude processing to highest level since 2023, driven by margins and cheap oil

Chinese refineries posted their highest level of activity since September 2023 in June, processing 15.2 million barrels per day (bpd) of crude oil, up 8.5% from the same month last year. The rebound was due to the end of seasonal spring maintenance and improved refining margins — particularly for diesel — which encouraged plants to ramp up operations ahead of the summer demand peak.

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