“The Math of the Chinese Investment in Venezuela’s Orinoco Oil BeltDecember 4, 2010                       According to a PDVSA official in the local newspapers, Chinese companies will invest US$ 40 billion in the Orinoco oil belt of Venezuela, between now and 2016. Let’s do the math: Since all projects by law have PDVSA holding a 60% stake as a minimum, this implies that PDVSA will have to invest US$ 60 billion in five years or US$12 billion per year in the Chinese projects alone. Add to that all of the other Seguir leyendo