Venezuela Agrees to Export Oil and Gas to China
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Chinese companies will gain development rights to 15 oil fields in eastern Venezuela, and China will also be allowed to build oil refineries there.
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CARACAS, Venezuela  - Oil exports by Venezuela  have not been disturbed by the referendum on the rule of  President Hugo Chavez, shipping sources said late Sunday.
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The United States backed Exxon Mobil Corp's effort on Wednesday to win compensation from Venezuela for seized assets in a case that has prompted the OPEC nation to threaten to cut off oil supplies to America.
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U.S. oil major Chevron Corp and Chinese oil giant CNPC have signed a production sharing contract for the Chuandongbei gas block in Sichuan in southwest China, the firms said on Tuesday.
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Ken Livingstone is to sign a deal with the Venezuelan government on cheap fuel for London buses.
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Sinochem Corp, the fourth largest State oil company in China, signed an agreement with France's TotalFinaElf on Saturday to establish a joint venture to market oil products in North China, according to China ...
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CARACAS, Venezuela  - Venezuela's government and  U.S. oil major ConocoPhillips COP.N have agreed to go ahead  with a plan to develop the Corocoro oil field, Venezuelan state  oil company PDVSA said Saturday.
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Russia is in talks with Venezuela to license rifle manufacture, Russia's state arms exporter confirms.
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Ch&#225;vez unlikely to cut off exports because as much as the world needs oil, Venezuela needs customers.
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China has agreed to step in and pay Russian rail fees to ensure that it continues to receive Yukos oil if the company is unable to cover the transport costs, officials at Russia's rail transport monopoly said Wednesday.
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CARACAS, Venezuela  - Venezuelan President Hugo Chavez said on Tuesday the price of oil should not fall below $60 a barrel, two days after the OPEC country cut its production to stem price declines.
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China's biggest oil company signs a deal with Sudan to look for oil and gas on the coast of the Red Sea.
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CARACAS -- President Hugo Ch&#xE1;vez ordered by decree yesterday the takeover of oil projects operated by foreign oil companies in Venezuela's Orinoco River region. Ch&#xE1;vez previously announced the government's intention to take a majority stake by May 1 in the four heavy oil-upgrading projects run by British Petroleum PLC, Exxon Mobil Corp. , Chevron Corp., ConocoPhillips Co., Total SA, and ...
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CIENFUEGOS, Cuba  - Venezuelan President Hugo Chavez met on Friday with a dozen leaders of Caribbean and Central American nations he is supplying with cheap oil that has bolstered his regional influence.
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China Petroleum &amp; Chemical Corp., Asia&#39;s largest oil refiner, offered HK$3.8 billion ($492 million) to buy shares of Sinopec Beijing Yanhua Petrochemical Co.
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Iran and Venezuela sign a host of agreements, as Iran's president visits the Latin American country.
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Oil exports by Venezuela have not been disturbed by the referendum on the rule of President Hugo Chavez, shipping sources said late Sunday.