Courtesy of The Financial Times, an excellent look at the reach of China’s state oil companies around the globe. As the article notes: On a leafy street in Almaty, a few hundred miles from Kazakhstan’s border with China, the elegant mansion of China National Petroleum Corporation is kept under close guard. Behind its closed shutters, […]
Read more »Courtesy of Upstream Online, a look at Angola’s Sonangol Group’s interest in investing in Ecuador’s Amazon region. As the report notes: “…Angola’s oil minister and Opec president, Jose Maria Botelho de Vasconcelos, will travel to Ecuador at the end of October to discuss Sonangol’s investment in Ecuador, Jaramillo said during a meeting with foreign journalists. […]
Read more »Courtesy of The New York Times, a report on the ambitious Nord Stream pipeline planned to run along the bed of the Baltic Sea, the Russian natural gas giant Gazprom is driving a political wedge between Eastern and Western Europe. As the article notes: While the Russian-German pipeline offers clear energy benefits to Western Europe, […]
Read more »Via The New York Times, news that Gazprom signed a general trade agreement with China National Petroleum Corporation during a state visit by Russian officials. As the article notes: “…The deal calls for the supply of nearly 2.5 trillion cubic feet of gas per year via two potential routes originating from Siberia. China has one […]
Read more »Via Bloomberg, a report that Turkmenistan’s willingness to ship natural gas to European partners if they build a pipeline across the Caspian Sea to transport fuel westward. As the article notes: “…We’ll be happy to work with European partners, should they choose to build a pipeline to our border,” Yagshigeldy Kakaev, director of state-run gas […]
Read more »Via The Globe and Mail, a report that China is in talks with Nigeria to buy large stakes in some of the world’s richest oil blocs in a deal that would eclipse Beijing’s previous efforts to secure crude overseas. As the article notes: “…The attempt could pitch the Chinese into competition with western oil groups, […]
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