Venezuela Begins Exporting Fuel to China

CARACAS, Venezuela -- 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. Venezuela's state-run oil company, Petroleos de Venezuela S.A., sent an initial shipment of 1.8 million barrels of fuel to China last week, according to information posted Monday on the company's Web site.

full