China Said To Be Interested In Venezuelan OIl Interests -- March 5, 2016

On February 28, 2016, I wrote:

I can think of any number of "vultures" ready to swoop in to "save" PDVSA. China is near the head of the list.

PDVSA is the Venezuela state-owned oil and natural gas company.

Today it is being reported that China is interested in Venezuela oil interests. Link here: 

Venezuela’s Vice President for Planning and Knowledge, Ricardo Menendez announced Thursday that Chinese companies showed great interest in participating in the development of the petrochemical, mining and oil sectors of Venezuela.

As a result, mechanisms were agreed to provide, in the short-term, food and medicines that will arrive in Venezuela as part of the supply agreements that also include industrial inputs so required at this time of plunging oil prices and economic war.

And so it goes.  The vulture has landed.