An infographic shows which nations support Venezuelan President Nicolás Maduro and which support opposition-controlled National Assembly head Juan Guaidó as of January 25. Albania, the EU, Georgia, Israel, Japan and South Korea were among those who have since backed Guaidó, while others—such as Cambodia, North Korea, the Palestinian government, South Africa and Syria—have joined a U.N. group designed to condemn U.S. threats of military intervention against Maduro's government. Statista
OilPrice.com: Chinese Company Will Help Venezuela Fix Its Refineries
A Chinese company has signed up to help Venezuela revive its oil refineries and alleviate fuel shortages resulting from the inability of refineries to operate at anything even close to capacity.
Bloomberg quotes unnamed sources as saying Wison Engineering Services Co., a company headquartered in Shanghai, will use funds from Beijing’s Belt and Road initiative to repair Venezuelan refineries. Venezuela, for its part, will pay Wison in oil products.
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WNU Editor: The only way that Venezuela's oil industry can be renewed is if China is willing to invest billions and to send in hundreds (if not thousands) of oil workers. This is not going to happen. Venezuela already owes tens of billions to China, and I doubt that Beijing is willing to dump billions more. As for this Chinese oil company vowing to help Venezuela fix its refineries .... good luck to that.
More News On China Helping Venezuela Rebuild Its Oil Infrastructure
China Comes to the Rescue of Venezuela’s Run-Down Oil Refineries -- Bloomberg
Chinese foreign ministry slams U.S. 'interference' in Venezuela -- Reuters
China slams US for 'bullying' Venezuela -- AFP
China and Russia Say U.S. Has Failed in Venezuela, Now It's Time to Give Up -- Newsweek
2 comments:
Mistake after mistake. Clearly this is in response to Taiwan. BUT, and here's the but, as you pointed out: China is going broke and quick. By next year even the dumbest will have caught on.
I'm sure Venezuelans will be pleased to see maduro welcoming chinese into their country to do what Venezuelans used to do before the bus driver became president and the shelves became bare.
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