Via Reuters, an article on a Vietnam-Venezuela oil and gas joint venture that has begun production at a new field in the Orinoco region with an initial output of 50,000 barrels per day (bpd). As the report notes: “…The venture, PetroMacareo, would raise extra heavy crude oil output from the field in Junin 2 block […]
Read more »Via the Emerging Frontiers blog, a report on the competition between India and Vietnam to become the commodity trading hub of SE Asia: When Singapore Mercantile Exchange, the first pan-Asian commodity exchange, opened for business in February, it chose Ho Chi Minh City as the delivery benchmark for its pepper contract, constituting a fresh setback […]
Read more »Via Foreign Policy, a look at Pakistan’s embattled economy: Pakistan warrants concern, and not just because it is sitting on the fifth largest nuclear arsenal in the world. The country is in the throes of a destabilizing and dangerous energy crisis. It faces gas shortages, and electricity outages of up to 20 hours a day. […]
Read more »Via The Financial Times, an article on Cambodia’snew stock exchange: The debut of the Phnom Penh Water Supply Authority on Wednesday was the most exciting IPO in Asia this year. It marked the start of business on the brand new Cambodian Securities Exchange, underlining the extent of change in this fast-growing country once under the […]
Read more »Courtesy of Foreign Policy’s Oil and The Glory, a look at exploration efforts in Cuba and Venezuela: In late January, Spain’s Repsol began drilling in the Northbelt Thrust, a stretch of the offshore Caribbean that may contain 6 billion barrels of oil. Between now and next month, Repsol will learn whether its part of the […]
Read more »Courtesy of The Washington Post, a report on Colombia’s economic success: The stereotype of Colombia — violent, chaotic, backward — seemed to be born out in recent days as the army and guerrillas grappled in the countryside and shadowy hit men gunned down a prominent land activist. But that Colombia seems ever more distant these […]
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