Energy-hungry China is keen to have a foothold in Venezuela, which has the world's largest oil reserves. Photo: Bloomberg Energy-hungry China is keen to have a foothold in Venezuela, which has the world's largest oil reserves. Photo: Bloomberg
Energy-hungry China is keen to have a foothold in Venezuela, which has the world's largest oil reserves. Photo: Bloomberg

Venezuela to borrow US$10b from China in financing and oil deal

Bonds rise on news of financing deal that will see funds invested in oil field development

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Energy-hungry China is keen to have a foothold in Venezuela, which has the world's largest oil reserves. Photo: Bloomberg Energy-hungry China is keen to have a foothold in Venezuela, which has the world's largest oil reserves. Photo: Bloomberg
Energy-hungry China is keen to have a foothold in Venezuela, which has the world's largest oil reserves. Photo: Bloomberg
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