Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
Venezuela's Guaido extends olive branch to China
by Staff Writers
Beijing (AFP) Feb 2, 2019

Venezuela's self-proclaimed president Juan Guaido has promised China he will honour bilateral agreements and said he was ready to start a dialogue with Beijing "as soon as possible".

Guaido's comments to the South China Morning Post, published Saturday, appear aimed at laying to rest questions over whether his political challenge to President Nicolas Maduro would disrupt ties with Venezuela's main creditor.

Maduro visited China in September, striking energy and gold mining deals as he sought Beijing's support for his crisis-hit nation.

"China's support will be very important in boosting our country's economy and future development," Guaido, the 35-year-old opposition leader, said in the email interview with the newspaper.

"Given its competitiveness and market, China is a fundamental global player with whom we would like to re-launch our relationship based on mutual respect and cooperation."

"We are ready to begin a constructive relationship and dialogue with China as soon as possible."

Guaido proclaimed himself acting president last week amid protests in Caracas.

While many countries, including the US and Brazil, have backed Guaido, China has so far declined to pick sides, stressing its longtime position against "interfering" in the domestic affairs of other nations.

The political upheaval has exacerbated the general disarray in Venezuela, which has the world's largest proven oil reserves but has suffered an economic meltdown marked by hyperinflation and shortages of basic necessities.

Millions have been left in poverty, while 2.3 million more have fled the country, unleashing a migration crisis in South America.

Although Maduro has control of virtually all of Venezuela's political institutions and enjoys the support of the military, many blame him for the country's economic woes.

The 56-year-old was re-elected last May in voting boycotted by the majority of the opposition and dismissed as fraudulent by the United States, European Union and Organization of American States (OAS).

China has extended more than $60 billion in credit to the South American country over the last decade, but Venezuela still owes Beijing about $20 billion and has been repaying the debt with oil shipments.

At a press briefing in Beijing on Friday, China's foreign ministry said that it was "willing to meet all parties halfway".

China and Venezuela have been "pragmatically cooperating for a long time," said foreign ministry spokesman Geng Shuang.

"No matter how the situation changes, none of this will be damaged at all."


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Oil nearly flat in pause after previous session's gains
Washington (UPI) Jan 31, 2019
Crude oil prices were nearly flat Thursday morning in what was seen as a pause after gains in the two previous sessions, while traders weighed the impact of possible geopolitical-related supply and demand issues. "Crude is pausing for breath after yesterday's solid rally," Matthew Smith, director of commodity research at ClipperData, told UPI. West Texas Intermediate crude future prices fell 0.1 percent to $54.18 per barrel as of 8:00 a.m. EST, while Brent crude futures rose about 0.2 to ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
A powerful catalyst for electrolysis of water that could help harness renewable energy

From toilet to brickyard: Recycling biosolids to make sustainable bricks

Scientists turn carbon emissions into usable energy

Researchers create 'shortcut' to terpene biosynthesis in E. coli

OIL AND GAS
Solar Integrated Roofing signs LOI for Orange County roofing company

BayWa teams up to secure the future of solar power in Victoria

Self-assembling nanomaterial enable cheaper more efficient solar power

New water splitting catalyst could make it easier to generate solar fuel

OIL AND GAS
Major companies, cities buying into Texas' green energy boom

EON achieves successful commercial operation and tax equity financing for Stella wind farm

Lidar lights up wind opportunities for Tilt in Australia

US Wind Inc. agrees to sell its New Jersey offshore lease to EDF Renewables North America

OIL AND GAS
Framatome companies and Joint Ventures in China are renamed

Hitachi wants nationalisation of UK nuclear project: report

Britain's AECOM, AWE announce nuclear waste storage partnership

Framatome receives $49 million grant to accelerate enhanced accident tolerant fuel development

OIL AND GAS
Space technology predicts droughts several months in advance

Study: Climate change reshaping how heat moves around globe

'I want you to panic': Swedish teen raises climate alarm at Davos

Tens of thousands protest in France, Belgium over climate crisis

OIL AND GAS
Tesla posts higher earnings but still falls short

Mean streets: Self-driving cars will 'cruise' to avoid paying to park

Chinese engineer charged in theft of Apple car secrets

Apple puts brakes on car team but keeps eye on road

OIL AND GAS
Four police dead in back-to-back bomb blasts in Iraq

Its treasures ruined by IS, Mosul museum hosts modern art

Iraq priest who saved Christian heritage ordained Mosul archbishop

Iraq parliament approves 2019 budget, one of largest ever

OIL AND GAS
Iran accuses France of 'destabilising' region

Sanctions, peace deal on cards for new US-NKorea summit

Sanctions, peace deal on cards for new US-NKorea summit

Japanese Catholics urge Pope to send anti-nuclear message









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.