Welcome to the Crystallex HUB on AGORACOM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
Message: Citic
Your Vote:
Did you know?
You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)
EL UNIVERSAL
Thursday June 06, 2013 12:31 PM
The Asian tour of Venezuela's Minister of Petroleum and Mining and President of state-run oil holding Petróleos de Venezuela (Pdvsa), Rafael Ramírez, has yielded the first financial return.
After his participation in the meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna, Minister Ramírez headed for Beijing to review some Venezuela-China projects on hydrocarbons and infrastructure. His visit was also good to seek US dollar financing for the Venezuelan government, in this case through Pdvsa.
Based on a press release from Pdvsa, Ramírez met with Li Rougu, the president of the board of directors of the Export-Import Bank of China. "The possibility of signing a borrowing facility for US$ billion was discussed for the procurement of oil equipment, necessary to increase the oil output envisaged in the Oil Sowing Plan." Additionally, "Eximbank reasserted its commitment to finance Pequiven dock in Morón, Carabobo state."
If materialized, the new credit would be the fourth borrowing facility granted to Pdvsa or its joint ventures in the last month, in addition to the agreements for US$ 4 billion with CNPC for Petrosinovensa; US$ 2 billion with Chevron for Petroboscán, and US$ 1-1.5 billion with Schlumberger for oil services.
As regards the Pdvsa'scommitments to China, there is financing from China Development Bank for US$ 500 million.
Mining and petrochemicals
Pdvsa also reported that Minister Ramírez met with the CEO of Citic Group Chang Zhenming and the boards of subsidiaries Citic Bank, Citic Petroleum and Citic Construction.
The meeting reviewed "the status of each joint project, particularly the house building in Ciudad Tiuna; extraction of gold, copper and other minerals, and financing opportunities for industrialization proposals."
As stated by Pdvsa, Citic Group "offered financing to start with own resources the design of the infrastructure for mineral drilling and processing, and prospection activities in the country."
After his visit to China, Ramírez will head for Japan in an attempt at making other energy and financial deals. http://www.eluniversal.com/economia/130606/pdvsa-sharpens-us4-billion-loan-with-chinese-eximbank
After his participation in the meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna, Minister Ramírez headed for Beijing to review some Venezuela-China projects on hydrocarbons and infrastructure. His visit was also good to seek US dollar financing for the Venezuelan government, in this case through Pdvsa.
Based on a press release from Pdvsa, Ramírez met with Li Rougu, the president of the board of directors of the Export-Import Bank of China. "The possibility of signing a borrowing facility for US$ billion was discussed for the procurement of oil equipment, necessary to increase the oil output envisaged in the Oil Sowing Plan." Additionally, "Eximbank reasserted its commitment to finance Pequiven dock in Morón, Carabobo state."
If materialized, the new credit would be the fourth borrowing facility granted to Pdvsa or its joint ventures in the last month, in addition to the agreements for US$ 4 billion with CNPC for Petrosinovensa; US$ 2 billion with Chevron for Petroboscán, and US$ 1-1.5 billion with Schlumberger for oil services.
As regards the Pdvsa'scommitments to China, there is financing from China Development Bank for US$ 500 million.
Mining and petrochemicals
Pdvsa also reported that Minister Ramírez met with the CEO of Citic Group Chang Zhenming and the boards of subsidiaries Citic Bank, Citic Petroleum and Citic Construction.
The meeting reviewed "the status of each joint project, particularly the house building in Ciudad Tiuna; extraction of gold, copper and other minerals, and financing opportunities for industrialization proposals."
As stated by Pdvsa, Citic Group "offered financing to start with own resources the design of the infrastructure for mineral drilling and processing, and prospection activities in the country."
After his visit to China, Ramírez will head for Japan in an attempt at making other energy and financial deals. http://www.eluniversal.com/economia/130606/pdvsa-sharpens-us4-billion-loan-with-chinese-eximbank
2 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply