Caption: image: Agencia de Noticias Andes
Maduro’s disputed re-election jeopardises repayment of China debt
Possible sanctions and a crash in oil production risk Venezuela’s ability to repay its main debtor
Maduro Tag
Caption: A petrol tanker on Lake Maracaíbo, Venezuela (image: Wilfredorrh).
China is a long-term player in Venezuela’s energy future
Oil-for-loans deals are opaque but criticisms of China arise from domestic political disputes
Caption: Venezuela has the world’s largest reserves of crude oil, but government subsidies for domestic fuel consumption have contributed to an economic crisis (image: Sociedad Venezolano Ingenieros de Petróleo)
Fuel subsidies keep Venezuela on the margins
New price rise does little to ease oil dependence in Latin America’s biggest per capita emitter
Caption: Venezuelan state oil company PDVSA recieved a US$5 billion loan tranche from China Development Bank in 2015 to ‘boost production’ in spite of the global price slump (image: Wilfredo Rodríguez)
Chinese loans to Venezuela rise despite “economic perils”
A third of all China’s loans to Latin America went to the struggling petrostate last year
Caption: (image: María Alejandra Mora (SoyMAM)/ Commons).
China still committed to Venezuela despite government’s election thrashing
Opposition calls for clarification on oil-backed loans but wants continued bilateral cooperation
Caption: An old car painted in the Venezuelan colours drives through the capital of Caracas in 2006. Fossil fuel subsidies total $12 billion a year (image: Ruurno/ Flickr)
Venezuela’s climate contradictions
More oil rather than less for crisis-stricken petro-state as it resists overhaul of fossil fuels