Monday, June 20, 2005

Venezuela Begins Exporting Fuel to Energy-Hungry China

CARACAS, Venezuela (AP) - Venezuela has begun exporting fuel to China under a trade agreement aimed at boosting trade between the oil-rich South American nation and Asia's energy-hungry, economic powerhouse.

China is eager to secure new sources of energy for its booming economy, which is struggling with power shortages. Venezuela wants to find new customers to reduce reliance on the United States.

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