China to Lend Venezuela $20 Billion

This is a pretty interesting article I found that discusses China's growing relationship with Venezuela. Although the article is brief, it's pretty clear that China's economic and political power has a huge influence on Venezuelan oil; China has become Venezuela's second-largest importer of oil (next to the U.S.), and they have also helped Venezuela launch satellites and purchase military aircraft technology. It will certainly be interesting to see how this warming relationship will affect the future of the Venezuelan oil industry.

Link:

"Chavez Says China to Lend Venezuela $20 Billion"- NY Times