Via China Knowledge, a report that PetroChina offered to purchase a 45.51% stake in Singapore Petroleum Company from Keppel Corporation for S$ 1.47 billion. PetroChina noted that a mandatory general offer for the remaining 54.49% stake will be made if approval for the initial bid is received on or before 24 July. Singapore Petroleum is […]
Read more »Via Africa Asia Confidential, a report on the emerging race between the U.S., India, and China to control the Indian Ocean. As the article notes: “…India defines the stakes clearly in its 2007 Maritime Military Strategy paper: ‘Whosoever controls the Indian Ocean, dominates Asia. In the 21st century, the destiny of the world will be […]
Read more »Via Stratfor (subscription required), interesting analysis of the emerging China/Brazil partnership and how, while mutually beneficial & reinforcing at present, it may not evolve as extensively in years ahead due to security & political differences. As the article notes: Chinese President Hu Jintao and Brazilian President Luiz Inacio Lula da Silva oversaw the signing of […]
Read more »Via Energy Daily, a report that China began work Monday on an oil pipeline to connect its northeastern border with crude-rich Russia. As the article notes: “…China’s Vice Premier Wang Qishan launched the project, which will link the Siberian border town of Mohe with refineries in China’s Daqing city over 900 kilometres (558 miles) away, […]
Read more »Courtesy of The New York Times, adroit analysis of the rise – and fall – of Venezuela’s petroleum-funded influence in South/Central America, and the more recent ascendancy of China & Brazil in the region. As the article notes: “…President Hugo Chávez’s push to extend his sway in Latin America is waning amid low oil prices […]
Read more »Via The Atlantic, an interesting look at the future of Gwadar, a potential deepwater port at the extreme southwestern tip of Pakistan close to the border with Iran. As the article notes, it is much more a part of the Middle East than of the Indian subcontinent, equipped with a highway, and oil and natural-gas […]
Read more »