After several years of declining funding, the African end of the Belt and Road Initiative seems to be roaring back. The newest Griffith University/Green Development Finance Center data on the Belt and Road Initiative shows that engagement with Africa jumped by 395%, while a few big projects boosted engagement in Nigeria alone more than twelvefold.
These shifts indicate a window of opportunity for African electrification. 60% of Africans still ...
Category: Oil
Independent Chinese Companies Drive Oil Investment Boom in Iraq
Independent Chinese companies are reportedly crowding into the Iraqi oil sector. Representatives from four Chinese companies recently said their combined output will reach 500,000 barrels per day by 2030, a 100% increase from current levels. The investment boom comes as smaller
A PetroChina Insider Reveals About China’s Tumultuous Energy Gamble in Africa
HEADLINE TRANSLATION: "Thirty Years of PetroChina in Africa: Diplomatic Grace or a Long and Arduous Road Ahead?” In a rare and revealing essay published under a pseudonym, a veteran PetroChina executive, known ...
U.S. Treasury Chief Says China Talks Could Cover Iran, Russia Oil Buys
The next round of U.S.-China talks could include Chinese purchases of Russian and Iranian oil, U.S. Treasury Secretary Scott Bessent said Monday, a move that would shift the focus of trade negotiations into national security issues. U.S. President Donald Trump has ...
Trump Says China Can Continue to Buy Iranian Oil
China can continue to buy Iranian oil, U.S. President Donald Trump said on Tuesday, in what appeared to be relief for Tehran from sanctions that Washington has previously imposed to punish the trade. "China can now continue to purchase Oil from ...
Rubio Urges China to Persuade Iran Not to Close Strait of Hormuz
U.S. Secretary of State Marco Rubio called on China to use its influence with the Iranian government to discourage Tehran from closing the Strait of Hormuz, a strategically vital waterway that an estimated 20% of the world's oil supply passes through. ...
Analysis from Cobus van Staden
U.S. Urges China to Keep Iran From Shutting Key Trade Route
U.S. Secretary of State Marco Rubio urged China Sunday to help deter Iran from shutting down the Strait of Hormuz, a crucial trade route, following American strikes on Iranian nuclear sites. "I encourage the Chinese government in Beijing to call them ...
Iraq Signs Mega-Energy Deal With Chinese Oil Firm
Iraq signed a major energy deal Wednesday with a Chinese petrol company in the southern province of Basra, aiming to boost oil production and build a refinery and electricity plants. China has gained a major foothold in oil-rich Iraq in recent ...
China-UAE Liquid Natural Gas Deals Signed Amid Trade Upheaval
China National Offshore Oil Corporation (CNOOC) signed a purchase agreement with Abu Dhabi National Oil Corp (ADNOC) for liquid natural gas (LNG). The 5-year deal will see 500,000 tons of LNG shipped to China annually from 2026. It is the third ...
U.S. Sanctions Second Chinese Refinery in Iran Pressure Campaign
The United States on Wednesday sanctioned a second China-based "teapot" refinery for purchasing Iranian crude, in the latest salvo of Donald Trump's "maximum pressure" campaign against Tehran. The U.S. State Department said the sanctions against Shandong Shengxing Chemical Co., Ltd, which ...
China Slams U.S. ‘Interference’ in Venezuela Over Trump Oil Tariff Threat
China on Tuesday accused the United States of "interfering in Venezuela's internal affairs" after President Donald Trump announced 25 percent tariffs on imports from countries that bought oil and gas from the South American nation. On Monday, Trump said the new ...
Trump Moves to Punish Venezuelan Oil Trade, With China and India Likely to Feel the Blow
By Beiyi Seow and Becca Milfed U.S. President Donald Trump announced Monday steep tariffs on imports from countries buying Venezuelan oil and gas, a punitive measure that could hit China and India, among others, and sow fresh global trade uncertainty.
U.S. Sanctions Houthi-Linked China Oil Refinery
The United States on Thursday sanctioned a China-based oil refinery that purchased Iranian oil worth around $500 million from Houthi-linked ships as the White House ramps up pressure on Iran. In a statement, the U.S. Treasury Department announced it was sanctioning ...