McClatchy DC Logo

Venezuela pledges more oil for China | McClatchy Washington Bureau

×
    • Customer Service
    • Mobile & Apps
    • Contact Us
    • Newsletters
    • Subscriber Services

    • All White House
    • Russia
    • All Congress
    • Budget
    • All Justice
    • Supreme Court
    • DOJ
    • Criminal Justice
    • All Elections
    • Campaigns
    • Midterms
    • The Influencer Series
    • All Policy
    • National Security
    • Guantanamo
    • Environment
    • Climate
    • Energy
    • Water Rights
    • Guns
    • Poverty
    • Health Care
    • Immigration
    • Trade
    • Civil Rights
    • Agriculture
    • Technology
    • Cybersecurity
    • All Nation & World
    • National
    • Regional
    • The East
    • The West
    • The Midwest
    • The South
    • World
    • Diplomacy
    • Latin America
    • Investigations
  • Podcasts
    • All Opinion
    • Political Cartoons

  • Our Newsrooms

Latest News

Venezuela pledges more oil for China

Tim Johnson - McClatchy Newspapers

    ORDER REPRINT →

August 25, 2006 03:00 AM

BEIJING—Hugo Chavez, the anti-U.S. leader of Venezuela, on Friday pledged a major increase in oil shipments to China and said China had agreed to back his country's bid for a seat on the U.N. Security Council, something the Bush administration opposes.

China didn't publicly confirm its support for Venezuela's U.N. efforts, which will come to a vote in October, and there was skepticism that China had the refining capabilities to handle more heavy Venezuelan crude oil.

But Chavez's spirited assertion during a news conference here that his country intended to bolster China as a counterweight to the United States was in keeping with his consistently anti-American foreign policy pronouncements.

"We need a China that becomes bigger every day and becomes stronger every day," Chavez said on the third day of a five-day trip, his fourth visit here since 1999.

SIGN UP

Chavez predicted that warming relations with the Asian giant would lead to the teaching of Chinese in Venezuelan schools and the airing of Chinese-made television programs in his country.

He said China offered his government credits to build 20,000 homes for the poor, assistance for rail construction, pledges to build computer and cellular telephone factories, and promises to help develop Venezuelan agriculture. He hailed what he called a broadening strategic relationship and added that "China's help is vital for Venezuela."

"The biggest part isn't what has been achieved, which is a lot," Chavez said. "It is the horizon that has opened for us."

Chinese President Hu Jintao, Premier Wen Jiabao and other senior officials greeted Chavez warmly, but outside Chinese observers suggested it was unlikely that Beijing would risk harming relations with Washington by tilting toward Chavez, who's a popular but divisive figure even in Latin America.

One expert cast doubt on whether Venezuela, the world's fifth-largest oil exporter, could send huge quantities of oil to China, given the distance and the high sulfur content of its crude.

"These reports can't be true, as China does not have the refining capabilities to process Venezuelan crude and the distance is too far," Jiang Shixue, a Latin American expert at the Chinese Academy of Social Sciences, told the China Daily newspaper this week.

But Chavez and Energy and Petroleum Minister Rafael Ramirez were emphatic in asserting that Venezuela is on the road to becoming a major oil supplier for China.

Venezuela, which has the largest proven oil reserves in the Western Hemisphere, currently supplies China with 152,000 barrels of crude a day, barely a tenth of what it ships across the Gulf of Mexico to U.S. markets.

"By 2007, we will arrive at 300,000 barrels a day," Chavez said, and the spigot for China will open wider "until 2009, when a great leap will occur toward half a million barrels a day of petroleum" for Chinese markets. He added that Venezuela eventually hopes to provide China with a million barrels a day after 2012.

On Thursday, Hu and Chavez signed eight agreements, including a $1.3 billion accord for China to build 18 supertankers for Venezuela, and an additional plan to construct 12 offshore oil-drilling platforms.

Ramirez said the supertankers would be built within five years. In the interim, Venezuela is transporting oil aboard Chinese-owned tankers, he added.

"Our fundamental orientation is toward fulfilling Chinese demand," Ramirez said.

Chavez said the increased production wouldn't take away from the stream of crude now sent to the United States, given that Venezuela owns seven refineries along the Gulf Coast. But he said planned increases in Venezuelan production would go to China.

Chavez also lauded China for plans to launch a Venezuelan telecommunications satellite into orbit in 2008, giving Venezuela a media footprint that Chavez said would cover the Caribbean, Central America, all of South America and part of the United States.

Cultural alliances are also being studied, Chavez said, including the teaching of Chinese in Venezuelan schools, joint projects in cinema and the import of Chinese-made television programs dubbed in Spanish, the predominant language of Venezuela.

———

(c) 2006, McClatchy-Tribune Information Services.

Need to map

  Comments  

Videos

Lone Sen. Pat Roberts holds down the fort during government shutdown

Suspects steal delivered televisions out front of house

View More Video

Trending Stories

Cell signal puts Cohen outside Prague around time of purported Russian meeting

December 27, 2018 10:36 AM

Ted Cruz’s anti-Obamacare crusade continues with few allies

December 24, 2018 10:33 AM

Hundreds of sex abuse allegations found in fundamental Baptist churches across U.S.

December 09, 2018 06:30 AM

Sources: Mueller has evidence Cohen was in Prague in 2016, confirming part of dossier

April 13, 2018 06:08 PM

California Republicans fear even bigger trouble ahead for their wounded party

December 27, 2018 09:37 AM

Read Next

Lone senator at the Capitol during shutdown: Kansas Sen. Pat Roberts
Video media Created with Sketch.

Congress

Lone senator at the Capitol during shutdown: Kansas Sen. Pat Roberts

By Andrea Drusch and

Emma Dumain

    ORDER REPRINT →

December 27, 2018 06:06 PM

The Kansas Republican took heat during his last re-election for not owning a home in Kansas. On Thursday just his wife, who lives with him in Virginia, joined Roberts to man the empty Senate.

KEEP READING

MORE LATEST NEWS

Does Pat Roberts’ farm bill dealmaking make him an ‘endangered species?’

Congress

Does Pat Roberts’ farm bill dealmaking make him an ‘endangered species?’

December 26, 2018 08:02 AM
‘Remember the Alamo’: Meadows steels conservatives, Trump for border wall fight

Congress

‘Remember the Alamo’: Meadows steels conservatives, Trump for border wall fight

December 22, 2018 12:34 PM
With no agreement on wall, partial federal shutdown likely to continue until 2019

Congress

With no agreement on wall, partial federal shutdown likely to continue until 2019

December 21, 2018 03:02 PM
‘Like losing your legs’: Duckworth pushed airlines to detail  wheelchairs they break

Congress

‘Like losing your legs’: Duckworth pushed airlines to detail wheelchairs they break

December 21, 2018 12:00 PM
Trump’s prison plan to release thousands of inmates

Congress

Trump’s prison plan to release thousands of inmates

December 21, 2018 12:18 PM
Why some on the right are grateful to Democrats for opposing Trump’s border wall

Immigration

Why some on the right are grateful to Democrats for opposing Trump’s border wall

December 20, 2018 05:12 PM
Take Us With You

Real-time updates and all local stories you want right in the palm of your hand.

Icon for mobile apps

McClatchy Washington Bureau App

View Newsletters

Subscriptions
  • Newsletters
Learn More
  • Customer Service
  • Securely Share News Tips
  • Contact Us
Advertising
  • Advertise With Us
Copyright
Privacy Policy
Terms of Service


Back to Story