~~By InsightAnalytical-GRL Add this to our growing list of “soft power” moves by China. This time, China is getting even closer to Hugo Chavez and Venezuela, specifically, its oil reserves. Recall that only a couple of years ago, Chavez nationalized the oil industry, including projects involving American and other foreign energy companies. (And note that [...]
Filed under: World News | Tagged: American oil companies in Venezuela, Brazilian oil, China Development Bank Corporation, crude oil, Hugo Chavez, nationalized oil indsustry, Orinoco Belt, Petroleo Brasileiro SA (Petrobras), soft power, Venezuelan oil | 5 Comments »



