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To: bestintxas
chinese knew they could not easily buy up a distressed US oil company so went for the next best thing in getting hands on reserves.

PDVSA owns Citgo and their Lake Charles refinery. So the Chinese got a piece of a US oil company.

9 posted on 09/02/2015 6:27:53 AM PDT by okie01 (The Mainstream Media: IGNORANCE ON PARADE)
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To: okie01

Chinese did not get a piece of Citgo anymore than the got a piece of their navy. Venezuela has continued to run debts to them and continue to make payments with their domestically produced oil.


11 posted on 09/02/2015 7:10:57 AM PDT by thackney (life is fragile, handle with prayer)
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