Agreements to boost bilateral ties
Updated: 2006-08-25 09:37
China and Venezuela on August 24 inked eight agreements on wide-ranging
topics, a sign of stronger ties between the two countries.
eight agreements, two are related to future expansion of bilateral energy
In the two agreements, the China National Petroleum Corp.
(CNPC) and the PDVSA, the state-owned Venezuelan energy company, agreed to
establish joint venture and launch joint development on the Venezuelan oil
fields, according to the information from the Chinese Foreign Ministry.
The agreements, which ranged from trade and energy to infrastructure
construction and tourism, were signed after Chinese President Hu Jintao held
talks with visiting Venezuelan President Hugo Rafael Chavez Frias.
very satisfied with the cooperation with China in the oil and oil chemistry
fields", Chavez told the reporters after the signing ceremony, vowing to
increase the oil exports to China to 50,000 barrels per day in the very near
During his talks with Hu, Chavez said that the Venezuelan side
will make concerted efforts with the Chinese side to implement the proposal and
strengthen cooperation in bilateral and multi-lateral areas so as to push
forward the continuous development of bilateral strategic partnership.
The Venezuela side hopes to further bilateral cooperation in such fields
as energy, railway construction, telecommunications, agriculture, tourism,
culture and education, and build the bilateral high-level mixed commission into
an important platform for enhancing bilateral cooperation, Chavez noted.
As this year marks the fifth anniversary of the establishment of
Sino-Venezuelan strategic partnership, Hu also offered a four-point proposal.
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