Posted on 01/30/2005 9:32:23 AM PST by alekboyd
• PDVSA is shipping oil to China (Cerro Negro).
• PDVSA is allegedly selling to China at a price equal to crude deliveries to US refineries based on WTI minus premium.
• PDVSA's agreements with Petrochina predate Chavez.
• Petrochina refineries in north China, are set to refine light crude (Venezuelan crude is heavy).
(Excerpt) Read more at vcrisis.com ...
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