09 November 2011

VENEZUELA / CHINA : New Details Leaked...On Hugo's Sweet Beijing Oil For Loan Deals.

                                            WSJ/ J.de Cordoba

     A series of 2007 oil for loan deals with China...are providing President Hugo Chávez with  a sizable off the books slush fund...that can be used for his 2012 re-election.
    The deals provided loans of up to $32 billion...at low interest rates...for oil at market prices.
    The WSJ has examined the previously undisclosed documents.