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Top related persons:
Nicolas Maduro - 1 Venezuela Jaime Gazmuri - 1 Leonardo Fernandez Viloria - 1 Han Zheng - 1 Wang Yi - 1 hegemonism - 1 Han - 1 Pedro Tellechea - 1
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Venezuela Miraflores Caracas Rights BEIJING CARACAS China OPEC Beijing
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REUTERS - 1 Rights - 1 West - 1 Energy - 1 China National Petroleum Corp - 1 Venezuelan - 1 Venezuelan Oil - 1 Shanghai International Energy Exchange - 1

Search resuls for: "Shanghai Petroleum"


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☆ Venezuela's Maduro seeks to renew Beijing ties amid China-West tensions
  + stars: | 2023-09-08 | by ( Andrew Hayley Vivian Sequera Marianna Parraga | Andrew Hayley | Vivian Sequera | ) www.reuters.com   time to read: +4 min
[1/2] Venezuela's President Nicolas Maduro gestures during a meeting with Chile's Ambassador to Venezuela Jaime Gazmuri, at Miraflores Palace, in Caracas, Venezuela August 16, 2023. Energy trade, debt repayment and new financing likely are the main focus of the Sept. 8-14 visit, officials and sources said. Beijing's decision to host Maduro coincides with a G20 summit in New Delhi this weekend, which Chinese President Xi Jinping will not attend. In 2020, the Maduro administration and Chinese banks again agreed to a grace period on some $19 billion of Chinese debt, according to Reuters reporting. Despite sanctions on Venezuela, China imported around 390,000 barrels per day of crude from the country between January and August this year, totalling roughly 12.9 million metric tons, data from commodities consultancy Vortexa showed.
Persons: Nicolas Maduro, Venezuela Jaime Gazmuri, Leonardo Fernandez Viloria, Han Zheng, Wang Yi, hegemonism, Han, Pedro Tellechea, Tellechea, Xi Jinping, Maduro, Hugo Chavez's, Joe Biden's, PDVSA, CNPC, Donald Trump, Andrew Hayley, Liz Lee, Joe Cash, Vivian Seuqera, Mayela, Marianna Parraga, Christopher Cushing, Frances Kerry, Marguerita Choy Organizations: REUTERS, Rights, West, Energy, China National Petroleum Corp, Venezuelan, Venezuelan Oil, Shanghai International Energy Exchange, Shanghai Petroleum, Natural Gas Exchange, South, Shanghai, Mayela Armas, Thomson Locations: Venezuela, Miraflores, Caracas, Rights BEIJING, CARACAS, China, OPEC, Beijing, Shanghai, Asia, New Delhi, Malaysia, South American, Houston
☆ China says it's moving to buy oil and gas in the yuan — a move that could threaten the dollar's global dominance in the long run
  + stars: | 2022-12-12 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
On Friday, China's President Xi Jinping pushed for the settlement of energy trades in the yuan. At a summit with Arab leaders, Xi said China would continue importing large amounts of oil. Settling more trade in the yuan could weaken the US dollar's global dominance in the long run. Most of the world's trade is now denominated in the US dollar. "The Saudis have a lot to buy from China and China has a lot to buy from Saudi Arabia.
☆ China to use Shanghai exchange for yuan energy deals with Gulf nations - Xi
  + stars: | 2022-12-09 | by ( ) www.reuters.com   time to read: +2 min
BEIJING, Dec 9 (Reuters) - China's President Xi Jinping said in Riyadh on Friday that China and Gulf nations should make full use of the Shanghai Petroleum and National Gas Exchange as a platform to carry out yuan settlement of oil and gas trade. China and states of the Gulf Cooperation Council (GCC) are natural partners for cooperation, Xi said in a speech at the China-GCC summit. In his speech, Xi proposed other areas for cooperation in the next three to five years, including finance and investment, innovation and new technologies, as well as aerospace, and language and cultures. China will also establish bilateral investment and economic cooperation working mechanisms, carry out local currency swap cooperation and deepen digital currency cooperation, he said. In his speech, Xi also called on China and GCC nations to be partners in promoting unity, development and security.
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