Chinese government officials and representatives of the country’s main state-owned banks have initiated contacts with both Venezuelan authorities and U.S. officials to secure repayment of billions of dollars in loans granted to Caracas, in a context marked by the capture of Nicolás Maduro by U.S. forces and the political reordering underway in Venezuela, according to Bloomberg.
U.S. Secretary of Energy Chris Wright defended Washington’s strategy toward Venezuela: allow trade with Beijing, but prevent China from becoming the dominant player in the South American country’s oil economy. In an interview with Fox Business Network, Wright stated that there is “room to balance” U.S. and Chinese interests in Venezuela, but he made it clear that the United States will not accept China exercising strategic control over the Venezuelan economy.
Venezuelan President Nicolás Maduro received in Caracas Qiu Xiaoqi, special envoy of Chinese President Xi Jinping, in a visit marked by mounting military and economic pressure from the United States on Venezuela and by China’s growing role as the country’s main energy partner.
Amid an increasingly intense climate of confrontation between Washington and Caracas, a bipartisan group of U.S. senators has launched a legislative offensive to limit President Donald Trump’s power to order military operations in Venezuela without Congressional authorization. The move comes after the American president confirmed covert CIA operations on Venezuelan soil and the announcement of the withdrawal of the head of the Southern Command, in a context marked by warnings from Beijing and denunciations from Caracas at the UN.
The arrival of the floating platform Alula in Lake Maracaibo marks a new chapter in energy cooperation between China and Venezuela. The project, valued at $1 billion and led by China Concord Resources Corp (CCRC) in partnership with Petróleos de Venezuela (PDVSA), aims to revive production in the Lago Cinco and Lagunillas Lago fields, with a target of 60,000 barrels per day by 2026.
The recent Shanghai Cooperation Organization (SCO) Summit, held in China, became a highly relevant geopolitical event that transcends the borders of Central Asia. The meeting brought together leaders of major powers and emerging countries, consolidating the SCO as a space for dialogue and coordination that seeks to offer alternatives to the international order that emerged after World War II.
Chinese company Shenzhen Mood LED Technology Co. signed a letter of intent with the government of La Guaira to establish a production plant in the state’s Special Economic Zone.
The Vice President Delcy Rodríguez and the Chinese Ambassador to Caracas, Lan Hu, signed the agreement at the event’s opening,…
A Chinese Communist Party (CCP) delegation arrived in Caracas, Venezuela on Tuesday, where it is meeting with President Nicolás Maduro.
The organization’s first event was attended by Pakistan’s Deputy Prime Minister and Minister of Foreign Affairs, Mohammad Ishaq Dar; Zimbabwe’s…
