Via CNN, an interesting look at North Korea’s Ryugyong Hotel: In 1987, ground was broken on a grand new hotel in North Korea’s capital, Pyongyang. The pyramid-shaped, supertall skyscraper was to exceed 1,000 feet in height, and was designed to house at least 3,000 rooms, as well as five revolving restaurants with panoramic views. The Ryugyong Hotel […]
Read more »Via Oil News Kenya, a report on Somalia’s hydrocarbon potential: Rich in hydrocarbons and possessing a favorable geological structure, Somalia holds huge opportunities for investors looking to enter the East African market, said the country’s Minister of Petroleum and Mineral Resources, Hon. Abdirashid Mohamed Ahmed at the Africa Oil & Power conference. “Nowhere is the […]
Read more »Via Tasnim News, a report on the discovery of a new major gas field in southern Iran: The deputy head of the National Iranian Oil Company (NIOC) announced that a massive gas field has been discovered south of the country. Speaking to reporters in Tehran on Sunday, Reza Dehqan said the huge gas field named […]
Read more »Via The World Bank, a report on recent private sector investments in Afghanistan’s energy sector: World Bank Group Boards of Executive Directors approved today a financing package of $98.8 million consisting of guarantees, a loan, and swaps to support two gas-to-power energy projects in Afghanistan. The projects aim to increase the amount of domestically generated […]
Read more »Courtesy of STRATFOR (subscription required), a look at Sudan’s economic challenges and interested suitors: Western states will successfully leverage their support for Sudan’s transitional government amid the country’s economic challenges to establish geopolitical influence there. Anticipated Western financial support will bolster the civilian government’s position against that of the military, which has closer ties with […]
Read more »Via Eurasianet, an interesting look at the complexities of doing business in Central Asia with Chinese firms: One afternoon in late July 2012, Christopher Kliner and a colleague stepped out of an elevator into a penthouse apartment in the Chinese city of Qingdao expecting to talk business. What greeted them was a most peculiar sight. […]
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