China’s Sinopec Sues Venezuela in Sign of Fraying Relations

Sinopec USA, a subsidiary of the Chinese oil and gas conglomerate, has sued Venezuela’s state oil company PDVSA in a U.S. court, claiming it never received full payment for an order of steel rebar.

The lawsuit asks for $23.7 million for breach of contract and conspiracy to defraud. The legal action …read more

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