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CARACAS, Venezuela (AP) - Venezuela plans to increase oil its sales to China by 50,000 barrels a day by the end of the year, the country's oil minister said.
Venezuela's state oil company, Petroleos de Venezuela SA, will increase sales to China to 200,000 barrels a day from the current 150,000 barrels per day, Rafael Ramirez said Tuesday. He said the shipments include crude and other products, such as fuel oil.
President Hugo Chavez and other officials had previously said they hoped Venezuela would be exporting 300,000 barrels a day to China by the end of the year.
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