China expands presence in Venezuelan oil despite US sanctions
Beijing maintains investments and crude imports from Venezuela, while several Chinese state-owned and private companies seek to secure stakes in Caracas’ reserves.
| Countries | Chine, États-Unis |
|---|---|
| Sector | Pétrole |
| Theme | Investissements & Transactions |
China is asserting itself as a key player in Venezuela’s oil sector, increasing investments and crude imports despite economic sanctions imposed by the United States. Both state-owned and private Chinese companies continue operating alongside the national oil company Petróleos de Venezuela (PDVSA), amid a prolonged decline in local production over the past decade.
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