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Venezuela, China ink $16b oil deal

By Wan Zhihong | China Daily | Updated: 2009-09-18 08:40

Venezuela, China ink $16b oil deal

Venezuela sent an average of 385,000 tons of fuel oil each month to China in the first half of 2009. Yang Zizi

China and Venezuela have signed a $16-billion investment deal to raise oil output in the South American country, Venezuelan President Hugo Chavez said on Wednesday.

Venezuela, China ink $16b oil deal

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