PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 17.May.2025, Words: 528) — This is not a “cuento chino” or “Chinese tale” starring Argentine actor Ricardo Darin. Venezuela has already signed around 13 contracts (see charts below) with Chinese companies from China Concord to China HK among others and more contracts are coming.
This, amid disputed allegations that state-owned Petróleos de Venezuela (PDVSA) has turned over operations of its massive Paraguaná Refining Complex (CRP by its Spanish acronym) in Punto Fijo to the Chinese. The CRP consists of 2 large refineries: Amuay and Cardón.
