You are here: Home » News-IANS » Politics
Business Standard

China, Venezuela sign deals on oil, mining, security

IANS  |  Beijing 

Venezuelan Nicolas Maduro's official visit to on Friday resulted in the signing of strategic cooperation agreements in the oil, mining, economy, security, technology and health sectors within the framework of the 16th meeting of the

Maduro said during an address before the Commission that 28 agreements were signed for development of their joint ventures, news reported.

The agreements, signed with Chinese Wang Yi, included a memorandum for share allocation in the Sinovensa joint venture, as well as a memorandum of understanding (MoU) for development of hydrocarbon joint ventures Petrourica and Petrozumano.

An agreement for boosting cooperation between National and Gas Exploration and and Venezuelan state-owned and company was also signed with the aim of exploring and harnessing in the South American country.

The two parties also signed a MoU for cooperation between Chinese tech firm and Venezuelan Ministry of People's Power for Health.

Maduro said the agreements were in tune with the country's economic recovery programme that was rolled out on August 20 and claimed that commercial ties between the two nations had passed the test presented by the global financial crisis.

Wang said he wanted the bilateral cooperation to remain strong and to continue to advance.

Maduro began his trip with a visit to the tomb of Mao Zedong, founder of the Communist regime in the country, near the in

Maduro, accompanied by wife Cilia Flores, paid his respects before the at the entrance to the mausoleum, where Mao's embalmed body is preserved. He also signed the visitor's book.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 14 2018. 19:06 IST