Sinovensa Signs $4 Bln Financing Agreement

(Energy Analytics Institute, Ian Silverman, 12.Jul.2013) – Sinovensa President Erwin Hernandez and China’s Development Bank Vice President Wang Yongshen signed a financing agreement in Beijing for $4 million for the expansion of production at the company which is comprised of PDVSA and China National Petroleum Corp. (CNPC).

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ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

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