Venezuela's petroleum company
opens China representative office in Beijing
Aug 22, 2005 - Xinhua English Newswire
Venezuela's petroleum company opens China representative office in
Beijing
BEIJING, Aug. 22 (Xinhua) -- Petroleos de Venezuela (PDVSA), the
state-owned petroleum company of the South American country, opened a
representative office here on Monday.
Rafael Ramirez, minister of energy and petroleum of Venezuela's
Bolivarian Republic and president of PDVSA, said the establishment of
the representative office, PDVSA China, marks a new starting point of
energy cooperation between Venezuela and China. He expected a deeper
relationship between oil companies of the two countries.
Ma Fucai, deputy director of the executive office of the energy
leading group headed by Chinese Premier Wen Jiabao, said at the
inauguration ceremony that the opening of the office is a milestone in
energy cooperation of China and Venezuela. "It will become an important
supplementary to the relationship between the two governments and act as
a bridge between companies of the two countries," said Ma.
Venezuela is rich in oil resources and is the world's fifth largest
crude oil exporter.
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