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According to an analyst at Barclay, Venezuela's oil exports to China to repay loans will reach an average of 390,000 barrels per day this year, with an average price of $51 per barrel
.
At the same time, Barclays expects oil exports to repay China's loans in 2016 to reach an average of 325,600 barrels per day, at an average price of $57.
80 per barrel.
In 2017, the average price was 274,600 barrels per day, with an average price of 68 US dollars per barrel; In 2018, it averaged 287,900 barrels per day, with an average price of $67.
50 per barrel
.
Venezuela has long been a big recipient of Chinese loans, accounting for half
of all Chinese loans to Latin America.
Since 2006, the country has received $50 billion in oil-backed loans
.
This oil-based loan repayment accounts for more than half (330,000 barrels)
of the country's 640,000 barrels per day of oil exports to China.
According to an analyst at Barclay, Venezuela's oil exports to China to repay loans will reach an average of 390,000 barrels per day this year, with an average price of $51 per barrel
.
At the same time, Barclays expects oil exports to repay China's loans in 2016 to reach an average of 325,600 barrels per day, at an average price of $57.
80 per barrel.
In 2017, the average price was 274,600 barrels per day, with an average price of 68 US dollars per barrel; In 2018, it averaged 287,900 barrels per day, with an average price of $67.
50 per barrel
.
Venezuela has long been a big recipient of Chinese loans, accounting for half
of all Chinese loans to Latin America.
Since 2006, the country has received $50 billion in oil-backed loans
.
This oil-based loan repayment accounts for more than half (330,000 barrels)
of the country's 640,000 barrels per day of oil exports to China.
