Handout picture released by the Venezuelan Presidency showing President Nicolas Maduro. Friday, Maduro said he would not miss a chance to meet with US President Donald Trump

Russian Oil Chief Travels to Venezuela Demanding Payments

The head of Russian oil company Rosneft, Igor Sechin, traveled to Venezuela this week for meetings with socialist dictator Nicolás Maduro to complain about delayed oil shipments designed to repay loans, Reuters reported Sunday.

Sinopec, a listed unit of China Petrochemical Corp, saw net profit surge to 46.7 billion yuan ($6.8 billion) in 2016

Chinese Company Sues Venezuela over Failure to Pay Debt

One of China’s largest state-owned companies has filed a lawsuit against the Venezuelan state-run oil firm Petroleum of Venezuela (PDSVA) over their failure to pay their debt, the Financial Times first reported.