Venezuela is in danger of losing
sovereignty over its energy resources because of the terms of loans deals it
has signed with China, according to a study the Colombian NGO Asociación
Ambiente y Sociedad, “China en Venezuela: préstamos para el petróleo“. “Paying
the debt is unsustainable in the long term, and in the future Venezuela will
not be able to depend on having its oil to sell to other clients,” the report
says. Some US$ 50 billion of loans made to Venezuela by China Development Bank
are repaid with oil. With the drop in global prices, the country led by
president Nicolás Maduro is at a something of a dead end. More… 
Friday, February 3, 2017
Venezuela at risk of losing sovereignty over oil
Venezuela is in danger of losing
sovereignty over its energy resources because of the terms of loans deals it
has signed with China, according to a study the Colombian NGO Asociación
Ambiente y Sociedad, “China en Venezuela: préstamos para el petróleo“. “Paying
the debt is unsustainable in the long term, and in the future Venezuela will
not be able to depend on having its oil to sell to other clients,” the report
says. Some US$ 50 billion of loans made to Venezuela by China Development Bank
are repaid with oil. With the drop in global prices, the country led by
president Nicolás Maduro is at a something of a dead end. More… 
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