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Venezuela accessing China market via Iran
In recent weeks Venezuela has begun selling crude and fuel oil to China, in some cases, according to people familiar with the deals, at a discount price to offset shipping costs and render the trade feasible.
www.iranmania.com/News/ArticleView/Default.asp?NewsCode=29287&NewsKind=Business%20%26%20Economy
Will Chavez's Oil Still Flow?
Whether or not Venezuelan President Hugo Chávez is the next Fidel Castro, the leftist firebrand has mastered the Cuban's art of pushing the U.S.'s buttons--including the ones on our gas pumps. Venezuela is the U.S.'s fourth-largest oil supplier (15% of U.S. imports), a nearby and reliable source that few in Washington want to alienate. But the visit to Caracas last week by Chinese Vice President Zeng Qinghong was the latest reminder that Chávez, a sharp critic of U.S. foreign policy, wants to cut Venezuela's dependence on the U.S. market and start exporting to his oil-thirsty ideological ally, China. Talks are under way to build pipelines to pump Venezuelan crude to Pacific ports in Colombia and Panama for that very purpose.
www.time.com/time/magazine/article/0,9171,1022611,00.html
LONDON, Feb 1 (IranMania) - Venezuela has enrolled Iran to help it accelerate a strategy to steer its oil exports to China and away from its traditional market of the US, Financial Times said.
A team of traders from Petroleos de Venezuela (PDVSA), the state-owned oil company, is to be trained in London by Iranian advisers on how best to place oil in Asian markets, according to industry sources.
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