#USNonFarmPayrollReport 🚨 BREAKING: China in Venezuela’s Oil Game 🚨
China Concord has installed Lake Maracaibo’s first floating oil platform in Venezuela 🇻🇪⛽.
$1B project aims to boost output from 12K → 60K barrels/day by 2026.
Operates under a 20-year deal with PDVSA.
Light crude stays in Venezuela, heavy crude flows to China 🇨🇳.
Marks the first big oil infrastructure in the lake since U.S. sanctions (2019).
