Venezuela in deal to boost oil sales to China

CARACAS: Venezuela's government will sell China an additional 130,000 barrels of oil a day beginning next year, raising the daily total to 630,000 barrels, the state news agency said Wednesday.

President Hugo Chavez announced the decision late Tuesday, the state Bolivarian News Agency said.

"The day will arrive in which Venezuela will send much more than a million barrels of crude to China" a day, the agency quoted Chavez as saying.

Earlier this year, Venezuela announced it would begin building one of three oil refineries it plans to have in China, which is a growing consumer of the world's oil as its economy booms.