As recently reported in The New Yorker, China has maintained its appetite for African investments, despite the economic downturn. As the article notes: “Some developed Western countries hit by the financial crisis are reducing their investment in Africa. Objectively, this is a powerful opportunity for Chinese businesses to expand their investment and market share in […]
Read more »Via Terra Daily, a report that Liberia signed Thursday a 2.6 billion dollar agreement with Chinese conglomerate China Union to develop its main iron ore mine, the biggest ever investment in the West African nation. As the article notes “…President Ellen Johnson Sirleaf signed a mineral development agreement with officials from the Chinese mining company […]
Read more »Via Energy Daily, a report that China and Iran recently signed a $1.76 billion contract for the initial development of the North Azadegan oil field in western Iran. As the article notes: “…The agreement between China National Petroleum Corporation (CNPC) and the National Iranian Oil Company (NIOC) foresees production from the field reaching 75,000 barrels […]
Read more »Via Energy Daily, a report that Myanmar has signed a deal with South Korean and Indian companies to pipe natural gas from the energy-rich nation’s offshore fields to China. According to the article: “…The Myanma Oil and Gas Enterprise inked the deal last Wednesday with South Korean companies Daewoo and Korea Gas Corporation and Indian […]
Read more »Via Stratfor (subscription required), interesting analysis on the recent “political agreement” signed on Dec. 24 by Serbian President Boris Tadic and Russian President Dmitri Medvedev to construct the South Stream gas pipeline through Serbia. Additionally, as noted in the report, the Serbian delegation also signed a long-awaited agreement with Gazprom Neft while in MOscow for […]
Read more »Via Africa-Asia Confidential, an interesting report on how the economic meltdown and spread of cholera across Zimbabwe and into South Africa has emboldened China, India, and Japan – which have been promoting the virtues of Asia’s non-intervention in African politics – to make increasingly direct criticisms of the Zimbabwe African National Union-Patriotic Front (ZANU-PF) regime. […]
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