10 July 2011

VENEZUELA / CHINA: Another Big Loan For Oil From Beijing...$4bn.

                                AP/ M.Herald
Resuming televised addresses, President Hugo Chavez announced a new $4bn loan for oil from China.
He said it would be used to boost development projects like railways.
China is Venezuela's biggest foreign lender at more than $32 billion...all to be repaid in oil shipments.


Chavez has slowed his daily agenda in recent weeks...on doctors orders.