China's $20 Bln Loan To Venezuela To Be Paid With Oil

Oil-rich Venezuela will send resource-hungry China 100,000 barrels a day of crude oil for the next 10 years to pay for a $20 billion loan agreed to over the weekend, Venezuela Oil Minister Rafael Ramirez said Thursday.

Webmaster's Commentary: 

Note that China is getting what it needs in terms of resources by making deals, not waging wars.

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