Wednesday, April 08, 2009

Venezuela: Chavez eyes oil deals in China

Venezuelan President Hugo Chavez is in China, where he is hoping to secure more oil deals to reduce his country's economic dependence on the United States.

Mr. Chavez traveled to Beijing from Japan late Tuesday on his sixth visit to China.

Chinese state media say he is scheduled to meet President Hu Jintao and Vice President Xi Jinping during his three-day trip.

In Japan, Mr. Chavez said Tokyo had agreed to invest $33.5 billion in oil and gas projects in Venezuela.

He also told reporters in Japan that he welcomed U.S. President Barack Obama's call for a world free of nuclear weapons.
Published by Mike Hitchen, Mike Hitchen Consulting
Putting principles before profits