Quick View: China's Cash Boost Insufcient To Halt Venezuela's Crude Woes

摘要

The Latest: In July 2018, the Venezuela Ministry of Finance (MOF) announced that it has secured a direct loan of USD250.0mn from the China Development Bank to help increase national oil company (NOC) PdVSA’s crude oil production. In addition, fnancing arrangements are being put together for a further USD5.0bn from Beijing.