China’s CNPC Set to Jumpstart Joint Oil Ventures in Venezuela

China’s CNPC Set to Jumpstart Joint Oil Ventures in Venezuela

The China National Petroleum Corporation (CNPC) is reportedly laying the groundwork to revive projects in Venezuela.

According to unnamed sources cited by Bloomberg, CNPC is hiring local enterprises and sending its own staff, including engineers, for maintenance work at an oil-blending plant it operates with Venezuelan state oil company PDVSA in the Caribbean nation.

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