Venezuela expects more oil export to China - president

Venezuela is anticipating further oil exports to China as its President Hugo Chavez on Sunday disclosed his expectation of a Chinese delegation in the near future.

"I spoke with Chinese Ambassador to Venezuela Zhao Rongxian and the visit will increase the shipment of Venezuelan oil to China," said the president during his weekly radio talkshow "Hello President."

China imported 120,000 barrels of oil per day from Venezuela in 2008 and Venezuela, with the largest oil reserve in South America, expects further increase of oil shipment to the Asian country.

With a net oil exports of 1.89 million barrels per day in 2008, Venezuela is the largest oil exporter in Western Hemisphere and the eighth largest in the world.

Source:Xinhua