PDVSA signs $4B loan agreement with China Development Bank for expansion of heavy oil production in Orinoco
Green Car Congress
JUNE 4, 2013
Venezuela’s PDVSA signed a $4.0-billion, Venezuela will also receive two other loans from China: one for $1.5 China and Venezuela are developing Orinoco blocks Junin 1, 4 and 8; Boyaca 4 and MP3. The US Geological Survey estimated the recoverable oil resources of the Orinoco Oil Belt Assessment Unit. Schenk C.J.,
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