Chavez signs energy deals with China
Published:Thursday | September 25, 2008 | 1:53 PM
Venezuelan President Hugo Chavez has signed a series of energy co-operation deals with China.
Chavez said oil exports from Venezuela to China could rise three-fold by 2012, to one million barrels a day.
Other plans include joint projects to build oil tankers, as well as oil refineries in China capable of processing Venezuela\'s heavy crude oil.
Correspondents said Venezuela, which is one of the world\'s biggest oil producers, is seeking new markets to reduce its dependence on exports to the US.