Venezuelan Energy and Oil Minister Rafael Ramirez revealed that the nation has gotten USD 4 billion from China, which will be used for oil exploration.
He told reporters that Venezuela planned to boost daily oil output to 4 million barrels by 2014 and 6 million barrels by 2016, which could only be consumed in Asia.
Source:
http://www.sinocast.com/readbeatarticle.do?id=94534
