Via The Financial Times, a report that China aims to gain access to North Korea’s mineral wealth. As the article notes: “… if resource-hungry China hopes revived camaraderie will also grant it a large bite of North Korea’s massive untapped mineral wealth, analysts and diplomats warn, Beijing could be sorely disappointed. North Korea’s mineral wealth […]
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, […]
Read more »Courtesy of Stratfor (subscription required), analysis of recent U.S. moves to modify its policy toward Myanmar by moving beyond the current sanctions regime to include direct engagement with the military government, a strategy that could weaken China’s influence in a country that is playing an increasing role in China’s overseas energy strategy. As the article […]
Read more »Via Africa-Asia Confidential, a report that China’s relations with Angola suffered a setback this month when Luanda turned down the acquisition by China National Offshore Oil Corporation and Sinopec of a coveted oil block, and a look at the complicated ownership structure of Sonagol Sinopec International (SSI), a joint venture between Sinopec and China Sonangol […]
Read more »Via The Oil Drum, an in-depth look at Turkmenistan’s natural gas reserves. As the report notes: “…Turkmenistan holds significantly large quantities of natural gas (they hold the world’s fourth largest reserves) and these have, over the years, proved attractive to Russia, China and the West. Until fairly recently, despite some bad relationships from time to […]
Read more »Via Energy Daily, a report that Venezuelan President Hugo Chavez recently announced a 16-billion-dollar deal with China to drill for oil in the resource-rich Orinoco basin. As the article notes: “…a deal was signed in Beijing for the Orinoco basin. It sets out a Chinese investment of 16 billion dollars over the next three years,” […]
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