Courtesy of The International Herald Tribune, a report detailing the plans for Venezuela and Russia to form a joint company to work together on oil projects. As the article notes: “…Venezuelan President Hugo Chavez called the formation of a Russian-Venezuelan energy company an important step. He said it will “open operations not only in Venezuela, […]
Read more »Via Terra Daily, a report that China is going to increase its investments in Africa. As the article notes: “…China will boost its state-run Africa investment fund by two billion dollars, so as to snap up opportunities left by Western investors leaving the continent, the Financial Times said Tuesday.Since its launch in 2006, the China-Africa […]
Read more »Via Radio Liberty, a report on a multibillion-dollar agreement recently concluded between China and Iran to develop the big Yadavaran oilfield in southern Iran. As the article notes: “…The Yadavaran oil field has crude oil reserves estimated at three billion barrels. That appears to be an irresistible statistic for China, whose oil-hungry economy is slated […]
Read more »Via Bloomberg, a report that PetroChina Co. and Venezuela will build a refinery in Guangdong province that will rival the biggest Chinese oil-processing plant by capacity as the two nations reinforce their energy ties. As the article notes: “…PetroChina, the country’s largest oil company, will “further realize” the agreements with Venezuela on the 400,000 barrel-a-day […]
Read more »Via Stratfor (subscription required), an interesting look at the dynamic relations between Iran and Turkey and the upcoming bilateral meetings between the two nations. As the article notes “…Both Turkey and Iran are on the rise. Until relatively recent times, both have been contained by various forces, most notably Iraq and the Soviet Union. Between […]
Read more »Via the Associated Press, an interesting look at Russia’s recent deals with China and Japan. As the article notes: “…The ruble is dropping, oil production is declining, foreign capital is fleeing, currency reserves are dwindling. Short-term, the Kremlin is struggling to deal with the worst economic crisis in a decade. Long-term, though, the Kremlin appears […]
Read more »