China Demands Rights Guarantees Following US Firm's Century-Long Venezuelan Oil Concession

China demands rights guarantee as US firm secures 100-year Venezuelan oil deal

China has demanded protection of its interests in Venezuela after a US-backed energy company was granted 100-year concessions covering oilfields previously operated by Chinese and Russian firms. “China-Venezuela cooperation is protected by international law and the laws of both countries. China’s legitimate rights and interests in Venezuela must be guaranteed,” foreign ministry spokesman Guo Jiakun said in Beijing on Tuesday. “Economic and trade cooperation between countries should follow the...

By Cao Jiaxuan