India’s ONGC Videsh to Get Some Oil from Venezuela In Lieu of $600M Dividend
February 10th, 2024
Via Reuters, an article on a growing petroleum connection between India and Venezuela: Venezuela has agreed to give some oil to India’s ONGC Videsh to help it recoup its pending $600 million dividend for a stake in a project in the South American nation, India’s oil secretary said on Wednesday. Indian refiners have resumed purchase […]
Read more »Zambian President Calls US-Backed Rail Once-in-Lifetime Break for Nation
February 9th, 2024
Courtesy of Bloomberg, an article on the Lobito Corridor: Lobito corridor project will connect Zambia to Angola port Line will compete with another one that China is investing in Zambian President Hakainde Hichilema said a US-backed project to connect Zambia’s copper mines to an Angolan port offers the nation a “once-in-a-lifetime” opportunity. The project will link mining […]
Read more »In Ethiopia, Chinese Bitcoin Miners Find a Xanadu
February 9th, 2024
Courtesy of Bloomberg, an article on how cheap power and friendly relations with China have made the Horn of Africa country a top pick for Chinese Bitcoin miners: Last spring, cargo containers began appearing near electricity substations connected to the recently built Grand Ethiopian Renaissance Dam, Africa’s largest. Inside were stacks of powerful, energy-guzzling computers. It […]
Read more »China’s Economic Slowdown Is a Wakeup Call for Latin America
February 9th, 2024
Via World Politics Review, a report on the impact that China’s economic slowdown may have upon Latin America: Over the past two decades, as China’s breakneck economic growth turned it into the engine of the global economy, Beijing became an increasingly powerful player in Latin America. It displaced the United States, long the top trading […]
Read more »Uganda: Behind the Government’s Refinery Deal with UAE’s Alpha
February 9th, 2024
Courtesy of The Africa Report, a look at Uganda’s oil refinery ambitions where there is a hope the Emirati deal will deliver the long-delayed refinery, but with its economic viability in doubt, the government is lining up fresh partners just in case: In January, the government in Uganda announced that it had entered negotiations with […]
Read more »Congo’s Gecamines and Entreprise Generale du Cobalt Sign Mining Deal
February 9th, 2024
Via Reuters, a report on a recent deal between the DRC’s Gecamines and Entreprise Generale du Cobalt: Congo’s state mining company Gecamines and its subsidiary Entreprise Generale du Cobalt (EGC) have signed an agreement granting EGC exclusive mining rights to five mining areas, the firms said on Wednesday. Created by government decree in December 2019, […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.