Oil on the agenda as Chavez arrives in China

BEIJING (AFP)

“A new world equilibrium is being born, a new world order, the multi-polar world of which we have long dreamed… with new poles like Beijing and Tokyo,” Chavez told reporters in the Chinese capital.

Chavez said he was coming to China with three “concrete objectives of high strategical importance”.

They are a reinforcement of China’s presence in the Venezualan oil sector to the extent that by 2013 the South American nation would be providing a million barrels of oil a day to the world’s third-largest economy economy, the construction of Venezuelan refineries on Chinese soil, and the creation of a joint maritime oil transport initiative.

Agence France-Presse