Caracas, 18 Sep. AVN. - The Development and Reform Commission of China supported Venezuela's proposal for joint development of new projects in oil and economic cooperation, which includes enhancing the production of crude oil and gold mining in national soil, said Wednesday the Minister for Mines and Petroleum and President of Petróleos de Venezuela (PDVSA), Rafael Ramirez.

Through several messages posted to your account on the social network Twitter @ RRamirezPDVSA, spoke about a meeting with the Minister of Development and Reform Commission of China, Xu Shaoshi, who reviewed the progress of bilateral projects of facing the China visit by President of the Republic, Nicolas Maduro, this weekend.

The Head of State arrive in the Asian nation to attend the XII High Level Joint Commission and to hold a meeting with Chinese President XI Jinping.

Ramirez said that with the China National Petroleum Corporation (CNPC) was agreed to develop a new project in Block Junin 10 of the Orinoco Oil Belt to produce 220 million barrels per day (MBD), with an investment of 14,000 million dollars.

He reported that the China Development Bank (CDB) established the terms of the Tranche C financing Chinese-Venezuelan Joint Fund, consisting of 5,000 million dollars "for the projects of the country, for the people".

"With the support of the BDC and the Bank of China agreed resources for mining map of the entire country. Independence and sovereignty homeland," said Ramirez.

He noted that with China Eximbank was agreed a loan of 390,000 million, which will be used for the new spring Pequiven in Morón, Carabobo state.

PDVSA President explained that the meeting with Chinese authorities, specifically with the company Citic Group, was also accepted the development of Las Cristinas Project, to recover gold production in the country.

Also, with that company settled Industrial Condominium development Carabobo in the Orinoco Oil, to boost growth in Ciudad Bolivar.

Twitter also by the minister stressed that both the government and the Chinese people recognize the leader of the Bolivarian Revolution, Hugo Chavez, as the driving force of the strategic relationship between the two nations.