Hacker News new | ask | show | jobs
by bilekas 102 days ago
> They also secured oil imports from Venezuela while at the same time in 2 strokes seriously hurt Chinese oil imports.

This 'Venezuelan oil' is a pipe dream for the moment. It will take a significant amount of years to get anywhere near completed.

1 comments

really? where are their oil exports going now?
They aren't pumping that much oil since Chavez, the expertise for extracting oil was lost during nationalisation. It needs a lot of work to restart extraction, it will take years.