Via Energy Daily, a report that Russia will finish an oil pipeline connecting Siberian oil fields to energy-hungry China in several weeks. As the article quotes Prime Minister Vladimir Putin: “As I have just been told by the management of Transneft, within just a few weeks the phase of reaching the Chinese border will be […]
Read more »Via Energy Daily, a report that China is close to inking a one-billion-dollar deal to receive Ecuadorian oil. As the article notes: “…China has offered us initial capital worth one billion dollars for infrastructure projects, we are going to pay little by little with our oil,” Correa said during a weekly television address. The deal […]
Read more »Via The New York Times, a report that China may be reducing its investment is some African nations. As the article notes: “…As global commodity prices have plummeted and several of China’s African partners have stumbled deeper into chaos, China has backed away from some of its riskiest and most aggressive plans, looking for the […]
Read more »Via Energy Daily, details on Cuba’s recent efforts to negotiate oil exploration and production deals with Russia, China and Angola, with its focus on Moscow shaping up as the partnership that could make the communist island nation energy self-sufficient. As the article notes: “…The Cuban oil industry’s venturing out into deep sea waters in the […]
Read more »Via Bloomberg, news that Turkmenistan may need at least $5 billion a year in the next decade to stem a decline in natural gas production and meet export commitments to China, Iran and Russia. According to the article: “….The Central Asian nation has to produce 90 billion cubic meters of gas a year to maintain […]
Read more »Courtesy of The International Herald Tribune, a report detailing the plans for Venezuela and Russia to form a joint company to work together on oil projects. As the article notes: “…Venezuelan President Hugo Chavez called the formation of a Russian-Venezuelan energy company an important step. He said it will “open operations not only in Venezuela, […]
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