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JULY 2020

China Purchases More Venezuelan Oil In Push For Geopolitical Influence

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China Purchases More Venezuelan Oil In Push For Geopolitical Influence

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Venezuelan crude oil exports are growing for the second month in a row.

This conclusion was made by Bloomberg based on the calculation data on the loading of tankers with Venezuelan oil.

In April, the amount of oil exported increased to 739,400 barrels per day and reached the highest level in three months.

This is 9.6% more than in March. At least 65% of Venezuelan oil was exported to China in April.

This is a very apparent push by China to increase its influence, with a sort of investment in the form of purchasing oil from Venezuela, instead of the massively discounted crude that Saudi Arabia offers.

The same can be observed in the way Beijing has been steadily increasing purchases of Moscow, as Russia is struggling heavily with the economic downturn in the country.

Venezuela is similarly under US sanctions and economic pressure.

At the same time, the United States is accusing China of not fulfilling the terms of the trade agreement, under which it is obliged to purchase a guaranteed volume of US “oil shale” in the amount of $52.4 billion.

It appears that, despite the deal with the US, china is establishing a new pool of oil suppliers for itself, and it is specifically those that appear more willing to assist it in forwarding its geopolitical interests.

The main parameter for selection in this pool is the principle of political loyalty and the proximity of the strategic objectives of the oil exporting states to those of China.

As a result, a new bipolar world is beginning to form in regard to oil purchases.

However, it should be reminded that all strategic alliances in the world began to form around oil, regardless, as such this is nothing new.

Two of the most striking (and still valid) alliances: the energy charter between the United States and Great Britain, the Quincy Pact between the United States and Saudi Arabia.

And all the world wars began with the breakdown of the oil agreements.

Venezuela is also one of the country’s that supports China’s Belt and Road Initiative, and as there are still no significant direct investments, China has pledged to fund numerous projects in the country.

The current standoff between the US and China seems exacerbated, with accusations against US ships in the South China Sea, Washington saying it has evidence that COVID-19 originated in a laboratory in Wuhan, China pushing its interests in every area it can, while the US does the same, amid the economic downturn and the continuing pandemic.

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  • cechas vodobenikov

    China trade, USA imperialism

    • The Objective

      Both are imperialists.

      • JIMI JAMES

        One steals and destroys,the other trades and builds,huge different capitalist dumbed!

      • cechas vodobenikov

        tonteria

  • AM Hants

    Nice to see China helping Venezuela. Especially when US mercenaries keep getting it so wrong. Didn’t Erik Prince recruit the cheap version of his Black Water Mercenaries from Columbia? How many Columbia s were trained at the Blackwater Facilities?

    • אהרון

      U.S. Air Force Just Deployed F-35 Stealth Fighters on Russia’s Doorstep
      F-35 stealth fighters just landed in Alaska.

      Terrific news!

      • Wolfgang Wolf

        yes ,for the idiots sitting in the F-35… hope they have enough pampers on board… otherwise shitting their cockpits)

      • LR captain
        • אהרון

          According to Russian media…LMAO

          • LR captain

            so we should believe us media only, get out and don’t come back

          • אהרון

            Cheer up, Mate. I hold a healthy distrust of all media these days.

            Tell me. How, precisely, did you go about verifying that particular Russian media tale?

          • JIMI JAMES

            Assflogged,subsonic neck snappeth,cracketh winged overpriced pieces of junk!
            get saked even in a wrecking yard after 5 minutes(f35s way too selow)
            Well now it wern’t like turkey allowed the su(real stealth) fighters to fly over now did they,hk no!Had to go via iraq disn’t they,oh yeah,now it’s no secret usa radar tech is inferior to ever the rustiest soviets now aren’t they,oh yeah,begone facist/nazi gimp!

          • LR captain

            how did you go verifying that american tell

          • JIMI JAMES

            No the evidence in the statement adds up to the realm,unlike you lumpchins!

      • zman

        And they’ll do what with them? Repair them? That seems to be their function…to keep repair crews active. That and keep the money rolling in for this lemon. They’re strictly employment insurance and little else.

      • JIMI JAMES

        Russia allready emp alaskan airbase after the media try to mock russian effects!
        Good news indeed,seens the f35s are absolute subsonic shtfights aka (soviet yak 31)
        reject concept,and to be frank they were allready caught on russian and german radars,so yeh great news indeed,asslogged!

    • Alberto Garza

      china is not helping anyone venezuelan oil is theirs venezuela owns them a lot of money .

      • AM Hants

        Venezuelan oil, is heavily linked into Russia. Nice to see Russia and China providing Venezuela with support.

      • Poppadop

        According to this article, China is “obliged to purchase a guaranteed volume of US ‘oil shale.'” Buying from Venezuela at the risk of further antagonizing the US could qualify as “helping.”

  • Tommy Jensen

    The axis of evils are at it again. Breaking all International usury rules of order in International free waterways of free navigation.
    We have to deal with these irresponsible pirates while at the same time fighting the global war against terror, drugs and the CoronaVirus.
    This is not cheap folks. You will have to pay until you and they have learned to behave.

    • Wayne Nicholson

      “China knew WWI and WWII started with breach of oil contracts and this is an evidence that China did the corona virus thing and wants WWIII.”

      Just what oil contract was breached that led to japans invasion of China in July 1937? I know there was a single line in the above article that stated that breaches in oil contracts lead to world wars but that doesn’t make it true.

      US oil sanctions on japan led to the US / Japanese war but the war had been under way in China for 4 years by the time that happened. Oil was one of the strategic resources Germany wanted to gain from their invasion of the USSR however iron, coal, wheat etc. were equally important and no oil contracts were broken.

      US sanctions again may be the cause of a major war in the Pacific however calling this a “breach of oil contracts” and laying the blame at the feet of the sanctioned country is akin to calling the bombing of Cambodia a “map reading error” or blaming Saddam for the 9/11 attacks as a ‘woopsie’.

      • Jim Allen

        Well stated.

    • zman

      Now if we could only figure out who is who…

    • JIMI JAMES

      Save it for the kweer club(period),do you honestly believe any bloke here with even half a ball would go for that zeal ,pathedic and uttelr lame cia/pimpeo conscripts? fk off ye cia/nazi kunts!

      • Tommy Jensen

        America made woopsies but always admitted it and apologized. Thats freedom!
        But the axis of evils never admit anything and think they are equal partners to an American which they are not!

        • Wayne Nicholson

          That’s freedom alright …. for iraqi, Afghan and Vietnamese mothers it’s freedom from husbands and children killed in American wars. For their children it’s freedom from food, medicine, limbs, parents and a normal peaceful life. Do you think an apology makes up for losing your family to a drone strike in Pakistan because some overzealous CIA agent mistook a wedding party for a terrorist meeting? Not that I ever heard of any apology for US drone strikes anywhere.

          The primary reason for these wars and drone strikes have nothing to do with US freedom or defence of the USA …. they are profit centers for arms makers and oil profiteers and these psychopaths that make obscene amounts of money every time a hellfire missile is used aren’t capable of the empathy necessary to apologize for anything.

  • Bobby Twoshoes

    Why the need to make it sound so sinister? Seems to me that finding alternate sources of oil than a belligerent enemy whose global strategy is built on containing their growth is a more reasonable interpretation than “they’re just as bad as America”. Even if their main motive is strategic influence then there are more nefarious ways to achieve it than providing direly needed support to people living under siege. China will win this war, if they actually turn out to be as bad as the Americans I will oppose them as I oppose the current Empire but the mere fear of them being as bad is not sufficient for me to accept the status quo.

    • zman

      Yeah, the Chinese might be an ‘unknown’…but the criminal losers running the US are a certainty.

      • Harry Smith

        No matter which country is the hegemonic – one way or another “they” will corrupt it’s elites and will make the elites push “their” agenda.

        • Merovingian

          Zionist jews are not East Asian, so a jew stands out in East Asia as a traitorous jew to China. In the West, the jew is simply a white privileged individual. Jews blend in the West, so they can fall to the bottom.

          China is better fit in many ways to lead the free world. Europe can breathe again with China. Many Europeans were becoming pro-Huawei and pro-China before this USA bioweapon attack.

          China is good for freedom in Russia.

          China is an all around win.

          • Poppadop

            Mao, Ho Chi Minh, Pol Pot: Does one need to be a White “Jew” to think and act like a Bolshevik, Atheist “Jew”? Harry was correct: Attempts to corrupt China’s elites were made, but based on China growing its middle class, allying with Ex-Soviet Russia, ending the one-child policy, etc., that attempt has failed, hence the provocations, sanctions, and false flags, not for a perpetual cold war, but a hot world war.

          • Harry Smith

            China to lead the free world? Are you serious? There is the only one way you can live under the the Chinese leadership – the Chinese way. Total surveillance, banned internet sites and even social credit for every person. This is truly good for the Chinese nation because of their mentality: in the Chinese culture the society dominates over the personality for 5000 years. But this situation will be absolutely unacceptable by the westerners.

  • Jacob Wohl’s Mother

    Leave my kid alone. last warning you neo-nazi schmucks . . .

    • zman

      Golda, Golda, Golda. Be nice.

      • Jacob Wohl’s Mother

        LOL

  • Wolfgang Wolf

    RUS is HEAVILY STRUGGLING ? since when?

    • JIMI JAMES

      Since it swallowed is tyrants aidz indested dk,drama queenies tend to lie alot in vain,no sht!

  • JIMI JAMES

    Russian economy is positive,slowed a tad or few but still progress overall,unlike bailed out xxxx usa!

  • Alberto Garza

    venezuela owes so much money to china that it practically chinese oil so they are only taking what is legally theirs.