Via Energy Daily, an update on China’s energy “shopping spree” in Africa. As the article notes: China’s oil companies, buoyed by the country’s foreign exchange reserves that now top $2 trillion for the first time, are on another buying spree in Africa, further challenging the century-long domination of the continent’s mineral wealth by Europe’s great […]
Read more »Courtesy of Fortune, an interesting report on the global reach of China’s telecommunications equipment manufacturers. As the article notes, having already conquered Africa & Asia, they are now looking towards South America for growth: “At phone operator Movistar’s sales offices in Buenos Aires, customers line up to buy high-speed wireless services to access the web […]
Read more »Via Stratfor (subscription required), interesting analysis of the broader regional implications of the recently completed pipeline between China and Kazakhstan, particularly for Russia. As the article notes: “…Kazakhstan has finished constructing the final segment of a strategically important oil pipeline running from the Caspian Sea to western China, according to a July 1 announcement from […]
Read more »Via The New York Times, an interesting article on China’s keen interest in Iraqi petroleum opportunities. As the report notes: “…Chinese oil companies are expected to bid for the rights to develop Iraq’s oil fields in auctions that are set to start Tuesday, although Sinopec, the China National Petroleum Corporation and the China National Offshore […]
Read more »Via Energy Daily, a report that China has granted Turkmenistan a four- billion-dollar (2.9-billion-euro) loan for its gas sector and will receive additional supplies of Turkmen gas. As the article notes: “…Turkmenistan and China have signed a deal on a credit of four bilion dollars as part of a meeting between Chinese Vice Premier Li […]
Read more »Via Yonhap, an interesting look at North Korea’s foreign trade. As the report notes: “…North Korean trade with the outside world, excluding South Korea, hit a record US$3.8 billion last year, a report said Monday, despite rising tensions on the Korean Peninsula. Trade jumped 29.7 percent compared with 2007, the Korea Trade-Investment Promotion Agency, a […]
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