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Mostrando entradas con la etiqueta China. Mostrar todas las entradas
Mostrando entradas con la etiqueta China. Mostrar todas las entradas

domingo, 28 de julio de 2013

#Pdvsa suma desde 2001 aporte a #misiones por $189.250 millones

Con razón esta quebrada! 
"Del ingreso fiscal petrolero y del Fondo Chino es donde el Estado venezolano ha venido alimentando los programas y proyectos del país", señaló el Presidente de Petróleos de Venezuela, Rafael Ramírez. Ratificó que está en proceso de negociación un nuevo tramo del Fondo Conjunto Chino-Venezolano, de 5.000 millones de dólares.
Lea el artículo completo aquí: http://www.eluniversal.com/economia/130727/pdvsa-suma-desde-2001-aporte-a-misiones-por-189250-millones 

jueves, 24 de noviembre de 2011

Superando a Grecia - VenEconomía Opina

VenEconomía Opina, 23 de noviembre de 2011
Este martes 22 de noviembre, el diputado de la Unidad Democrática, Miguel Ángel Rodríguez, amplió ante la Asamblea Nacional su denuncia sobre el Caso de la deuda con China. Y si sus denuncias sobre la ilegalidad y falta de transparencia en los préstamos por petróleo del Gobierno de Venezuela con China de hace más de una semana levantaron olas de asombro, las de esta semana deberían producir un tsunami.
Según el diputado Rodríguez, Asdrúbal Chávez, vicepresidente de PDVSA y primo del presidente Hugo Chávez, habría propuesto al Banco de Desarrollo de China extender los préstamos para Venezuela hasta $116 millardos. Esta colosal propuesta habría sido realizada en China por Chávez (el primo) cuando presidía una nutrida comitiva integrada por representantes del Banco Central de Venezuela, PDVSA, Ministerio de Planificación y Finanzas, el Banco de Desarrollo, (Bandes, antes Fondo de Inversiones de Venezuela), la Embajadora de Venezuela en China y un interprete.
Aparentemente los chinos, un poco más cautos, aunque no dijeron que no, aprobaron transacciones más pequeñas para proyectos específicos.
Como ya se ha reiterado en VenEconomía, las transacciones con China han sido totalmente inconstitucionales y opacas, de las cuales sólo se conocen los montos y los plazos de pago, mas no las fórmulas para fijar el precio del petróleo ni las tasas de interés que devengarán y, por supuesto, mucho menos las comisiones de los intermediarios (si es que las hubiera).
El caso es que Venezuela ha contraído préstamos por $42 millardos con China:
1)
Los fondos pesados: $4 millardos del Fondo Pesado I (ya pagado) y $4 millardos del Fondo Pesado II (que se terminaría de pagar en el primer semestre de 2012). Ambos pagaderos a tres años con 100.000 b/d a un precio, según indica Rafael Ramírez, de $50 por barril. A estos se le suma un nuevo préstamo, el Fondo Pesado III, por otros $4 millardos pagaderos a tres años con 100.000 b/d, pero a un precio de $70 por barril. En ninguno de los tres se ha informado con claridad si se hacen ajustes en caso de que el precio de mercado fuera sustancialmente mayor.
2) El Fondo Gran Volumen y Largo Plazo anunciado en 2009, originalmente por $20 millardos, fue aumentado posteriormente hasta $30 millardos. Se trata de una línea de crédito, pagadera a 10 años con 200.000 b/d, de la cual se han desembolsado hasta la fecha $20,8 millardos. Es decir se han desembolsado $28,8 millardos en total (sumando los Fondos Pesados I y II) de los que casi no se conoce su destino.
Igual de preocupante es que hasta ahora ni PDVSA, ni el BCV ni el Ministerio de Finanzas han registrado estos préstamos en la contabilidad de la República. Según el Banco Central la deuda pública externa es de $94,7 millardos (versus $28,5 millardos de 1998), sin incluir la deuda china.
Si el endeudamiento con China se llevara hasta $116 millardos, como propone Asdrúbal Chávez, la deuda externa de Venezuela se elevaría a más de $200 millardos, que según cálculos de VenEconomía representaría 110% del PIB.
En pocas palabras, la quebrada Grecia quedaría como un fiel modelo de prudencia.

Disponible en inglés en: www.veneconomy.com a partir de las 4:00 p.m.

domingo, 18 de abril de 2010

Venezuela says China offers $20 billion in financing | Reuters


Venezuela says China offers $20 billion in financing

Photo
10:32pm EDT
CARACAS (Reuters) - Venezuelan President Hugo Chavez said on Saturday that China was providing his nation with a long-term, $20 billion financing plan for major projects in the South American oil-exporter.
"China is going to give financing to Venezuela, to the Venezuelan people, to the Bolivarian Revolution ... over the long-term and in large volume of some $20 billion," Chavez said at a signing ceremony in Caracas.
The Venezuelan leader said the deal was on top of an existing $12 billion Chinese-Venezuelan investment fund in which Beijing deposits money in return for forward sales of oil.
He did not specify what areas the financing were for but China is increasingly involved in Venezuela's oil, electricity, food, construction and technology sectors.
Chavez had been due to host President Hu Jintao this weekend but the Chinese leader cut short his Latin American visit due to an earthquake at home.
As well as signing the financing agreement, Chavez and Chinese officials penned another six accords covering electricity and oil projects, including ratification of a joint venture to develop a block in the Orinoco crude belt.
The Junin 4 block is expected to require about $16 billion investment over three years and eventually produce more than 400,000 barrels per day.
(Reporting by Eyanir Chinea; Writing by Andrew Cawthorne; Editing by Bill Trott)
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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.

martes, 6 de abril de 2010

Venezuela To Amp Up Oil Output

Venezuela To Amp Up Oil Output
Forbes.com


Energy
Venezuela To Amp Up Oil Output
Oxford Analytica, 04.05.10, 6:00 AM ET


Venezuela's heavy oil is one of the world's largest hydrocarbon resources, and is relatively undeveloped. 

On Feb. 10, the government announced the results of the first oil auction held since President Hugo Chavez took office in 1998; it comprised three blocks in the Carabobo field of the Orinoco belt:
--Carabobo 1 was awarded to a consortium involving state oil company PDVSA (60%), Spanish Repsol (11%), Malaysian Petronas (11%), and India's ONGC (11%), Indian Oil and Oil India Ltd (7% together).
--Carabobo 3 was awarded to a consortium including PDVSA (60%), U.S.-based Chevron (34%) and Japanese Mitsubishi, Inpex, Japan Oil and Gas, and Japan Metals National (5%).
--Carabobo 2 was not awarded.
Details have yet to emerge, but it appears each of these consortia will be investing some $15 billion, large commitments even by oil industry standards. If these investments are added to what might be invested in the separately negotiated Junin blocks, total new investment in heavy oil projects could exceed $75 billion. Each of these consortia is likely to have to spend $6 billion to $8 billion on specialized refineries to upgrade the heavy oil to marketable specification and quality. The Venezuelan government showed it was prepared to sweeten the deals in some respects--lowering royalty levels and lifting some taxes--but maintained PDVSA as the dominant majority shareholder in each case.
--Doubling production. The government has stated that this suite of projects will increase the country's oil production from 3 million to 6 million barrels per day (b/d) by 2016, with first oil being delivered by 2013, an aggressive pace.
--Oil advances. Venezuela seems positioned to take a major step forward in the development of its oil industry. For some years, following enforced nationalization of the industry, most commentators felt it has been drifting or even slipping backward.
Production from these Carabobo and Junin projects is slated to start as early as 2013, reaching plateau production in 2016. However, this looks ambitious:
--Cementing consortia. The consortia need to be formalized and then actually established. In addition to the newly awarded Carabobo blocks, there are the separately negotiated Junin blocks, where there appears to be some way to go in formally establishing the operating companies. Progress has been slow, whether due to PDVSA's capability constraints or caution on the part of investors.

--Ideological issues. Operable management structures that allow the lead companies to work effectively with PDVSA need to be devised, staffed and put into operation. PDVSA is seen by some as an ideologically driven company, so it could face challenges in working on these huge projects with a mix of state and private oil companies.
--Management skills. PDVSA will have to find suitably qualified and experienced staff to contribute effectively in these consortia in areas such as project management. Major players such as Shell and BP have their own internal academies to develop these skills.
--PDVSA finances. Although PDVSA will get financial support from other consortium members, it must find tens of billions of dollars to contribute toward financing very large projects. Caution among international lenders may make this difficult.
--Political risk. Chavez has made the pragmatic decision that Venezuela needs help to improve the rate of exploitation of the country's heavy oil. The judgment investors must make, given his track record, is what line he will take once the investment has been made.

Heavy-Oil OutlookWhile the estimate of oil in place has not changed materially for decades, the recoverability factor has risen from less than 10% to 40% at present. However, there are pluses and minuses to these heavy oil projects. They are widely perceived to be high-carbon at a time when low-carbon energy sources are seen as increasingly desirable. On the other hand, one of their obvious attractions is that they have a duration of between 25 and 40 years, with consistent, long-lived production.

Oxford Analytica is an independent strategic-consulting firm drawing on a network of more than 1,000 scholar experts at Oxford and other leading universities and research institutions around the world. For more information, please visit here.



The MasterBlog

martes, 29 de septiembre de 2009

The Top 10 Craziest Things Ever Said at the U.N. General Assembly - Joshua Keating | Foreign Policy

The Top 10 Craziest Things Ever Said During a U.N. Speech

History is rich with memorable orations delivered by the world's leaders as nations convene to discuss the critical issues of the day. From the impassioned to the provocative to the truly bizarre, here are  the 10 most unforgettable remarks to come out of the United Nations general assembly speeches in the last sixty years. 

BY JOSHUA KEATING | SEPTEMBER 25, 2009


Indian Diplomat Filibusters Himself to (near) Death
Year: 1957
Quote: "The Security Council regards this as a dispute. It is not a dispute for territory. There is only one problem before you ... that problem is the problem of aggression."
Impact: With this epic filibuster during a debate on Kashmir, Indian U.N. envoy Krishna Menon holds the record for the longest speech in the history of the U.N. Security Council. In total it lasted over eight hours. Menon actually collapsed from exhaustion partway through and had to be hospitalized. He returned later and continued for another hour while a doctor monitored his blood pressure.
Michael Nagle/Getty Images


Castro Goes Long
Year: 1960
Quote: ''Were Kennedy not a millionaire, illiterate, and ignorant, then he would obviously understand that you cannot revolt against the peasants.''
Impact: He's not quite in Menon's league, but Cuban President Fidel Castro's  debut speech at the U.N. clocked in at four and a half hours, the longest ever in the General Assembly. Castro's first visit to the United States in 1959 had been a bit friendlier, but by 1960 he was firmly in the Soviet Camp and used his speech to blast U.S. imperialism and insult John F. Kennedy and Richard Nixon, the U.S. presidential candidates at the time. Castro provided another bizarre memory from that year's assembly by keeping live chickens in his hotel room.
TOMMY WEBER/AFP/Getty Images

Krushchev Puts His Foot Down
Year: 1960
Quote: "Mr. President, call that toady of American imperialism to order."
Impact: Soviet Premier Nikita Krushchev provided one of the cold war's most iconic moments when, in an attempt to silence a Filipino delegate who was railing against Soviet imperialism, he issued the above epithet, removed his shoe, and began banging it on the table. The gesture has become a classic example of overheated rhetoric, but it shouldn't have been all that surprising coming from the man who coined the phrase, "we will bury you."

Lodge Spies a Bug
Year: 1960
Quote: "It so happens that I have here today a concrete example of Soviet espionage so that you can see for yourself."
Impact: Colin Powell famously used a vial of "anthrax" while trying in vain to win Security Council support for military action in Iraq, but there are times when props have been used a bit more effectively. During a debate over the shooting down of an American U-2 spy plane over Soviet territory, U.S. Ambassador Henry Cabot Lodge decided to go on the offensive. He took out a wooden seal that had been presented to the U.S. embassy in Moscow by the Soviet-American Friendship Society and then proceeded to extract a tiny microphone out of the eagle's beak with a pair of tweezers. The Soviet resolution condemning the U.S. spy flights was defeated.


Arafat Preps for Battle
Year: 1974
Quote: "An old world order is crumbling before our eyes, as imperialism, colonialism, neocolonialism, and racism, whose chief form is Zionism, ineluctably perish."
Impact: The Palestine Liberation Organization Chairman was invited to address the General Assembly for the first time at the request of the non-aligned movement, a coalition of developing countries that has been historically critical of Israel in the U.N., Palestinian leader Yasser Arafattook the stage wearing fatigues and delivered a blistering attack on Zionism. One year later, the notorious "Zionism equals racism" was passed and Israel's relations with the U.N. have been, at best, uneasy ever since.
AFP/Getty Images

Ortega Goes Rambo on Reagan
Year: 1987
Quote: "Before consulting the hotheads who present various military options such as a military invasion: remember, President Reagan, Rambo only exists in the movies.''
ImpactNicaraguan President Daniel Ortega used the platform of the U.N. to assail U.S policy in Central America, particularly the financing of the Contra rebels and supporting the Somoza dictatorship, which Ortega said "bled the Nicaraguan people dry." The angry speech prompted a walkout from the U.S. delegation. "The people of Nicaragua may have to sit and listen to him, but I don't," said then U.S. Ambassador Vernon Walters.


Chavez Sniffs out a Sinner
Year: 2006
Quote: "The devil came here yesterday, and it smells of sulfur still."
Impact: Venezuela's theatrical president, Hugo Chavez, has always loved the spotlight that the General Assembly provides and it was never more in evidence than when, with a flourish, he compared U.S. president, George W. Bush, to Satan. Chavez also began his regular habit of using his speeches to plug books by prominent leftists authors, when he held up a book by U.S. professor Noam Chomsky. Chavez referred to this famous moment in his speech this year, saying that it "no longer smells like sulfur" now that Barack Obama is president.
TIMOTHY A. CLARY/AFP/Getty Images

Bashir Denies a Genocide
Year: 2006
Quote: "The picture that volunteer organizations try to give in order to solicit more assistance and more aid, have given a negative result."
Impact: At the 2006 speech, Sudanese President Omar al-Bashir claimed that the ongoing slaughter in Darfur, which then President George W. Bush had recently referred to as "genocide," was in fact a scheme cooked up by Western aid organizations to solicit funding. On the sidelines of the meeting, Bashir went further, blaming Israel and Zionist organizations for spreading lies in order to weaken the Sudanese government. Iranian President Mahmoud Ahmadinejad has made this claim as well.


Ahmadinejad Hates on Zionists
Year: 2008
Quote: "The dignity, integrity and rights of the American and European people are being played with by a small but deceitful number of people called Zionists. Although they are a miniscule minority, they have been dominating an important portion of the financial and monetary centers as well as the political decision-making centers of some European countries and the U.S. in a deceitful, complex and furtive manner."
Impact: Iranian President Mahmoud Ahmadinejad has regularly used the UN as a platform to rail against Western powers, particularly his arch-enemy Israel. In his 2008 speech he accused "the Zionist entity" of an array of crimes including causing the South Ossetia war. Another notable feature of Ahmadinejad's speech is the heavy use of religious rhetoric and his use of Shiite religious teachings.


What is Qaddafi Doing?
Year: 2009
Quote: "It should not be called a security council, it should be called a terror council."
Impact: After 40 years in power, Libyan Leader Muammar al-Qaddafi spoke to the United Nations for the first time at this year's general assembly and certainly made up for lost time. In his 100 minute speech, Qaddafi listed half a century's worth of grievances and conspiracy theories including accusing the Untied States of developing swine flu and questioning the official record of the Kennedy assassination. Most of Qaddafi's wrath was reserved for the U.N. Security Council, which he likened to al Qaeda. Qaddafi's accommodations provided another sideshow at this year's assembly, as the Libyan leader was rebuffed in his attempts to set up a Bedouin tent in several New York-area locations before finally making up camp in Donald Trump's backyard.
STAN HONDA/AFP/Getty Images
The Top 10 Craziest Things Ever Said at the U.N. General Assembly - Joshua Keating | Foreign Policy

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