With U.S.-South Africa ties in the deep freeze, it was notable to see the sheer size of the U.S. delegation sent to this week’s Mining Indaba in Cape Town – one of the most prominent industry gatherings and one of the few where the Global South gets a prominent voice.
The Trump administration’s famous Afrophobia seems (momentarily at least) tempered by its greed for minerals. It is reportedly walking ...
Category: Oil
Dangote Signs $400 Million Equipment Deal With China’s XCMG to Speed up Refinery Expansion
By Isaac Anyaogu Nigeria's Dangote Group has signed a $400 million equipment deal with China's Xuzhou Construction Machinery Group to speed up the expansion of its oil refinery toward a planned 1.4 million barrels per day, the company said on Tuesday.
Trump, Netanyahu Agreed U.S. Should Press Iran to Cut Oil Sales to China, Axios Reports
President Donald Trump and Israeli Prime Minister Benjamin Netanyahu agreed at a White House meeting on Wednesday that the U.S. would work to reduce Iran's oil exports to China, Axios reported, citing two U.S. officials briefed on the issue. "We agreed that we will ...
Saudi March Crude Oil Supply to China to Rise to Multi-Year High, Sources Say
Saudi Arabia's crude oil exports to China are set to touch a multi-year high in March after the kingdom cut its official selling prices to Asia for a fourth month and attracted more demand, several trade sources said. State oil company ...
U.S. Pushes for Venezuela Investment, Energy Secretary Warns About Legitimacy of Chinese Deals
By Marianna Parraga, Sarah Kinosian and Timothy Gardner U.S. Secretary of Energy Chris Wright pushed on Wednesday for expanded U.S. investments in Venezuela as part of the highest-level U.S. visit focused on energy policy in nearly three decades, while warning about the legitimacy ...
China E-Mobility Weekly Digest: Africa’s EV Future at Risk as Oil, Policy and Power Clash
This is a free preview of the Africa EVs Weekly Digest, part of the new CGSP Intelligence service. This week brings new insights into why an electric vehicle revolution is a non-starter in many African countries. Key factors include ...
Analysis from Cobus van Staden
Russian Oil Tankers List Singapore as Destination Amid Sanctions and Shift to China, LSEG Data Shows
Russian oil tankers are increasingly listing Singapore as their official destination, signalling a shift in export flows from India to China and growing concerns over Western sanctions, traders said and LSEG shipping data shows. LSEG data shows tankers carrying about 1.4 million metric ...
Nigeria’s NNPC in Talks With Chinese Company on Refinery, CEO Says
By Camillus Eboh NNPC chief executive Bayo Ojulari said the company was seeking experienced operators as equity partners to revive its four refineries after years of losses and underperformance. He said an internal review carried ...
China’s Nanshan Group Plans 100,000-Bpd Refinery in Indonesia
By Chen Aizhu and Fransiska Nangoy China's Shandong Nanshan Group plans to build an oil refinery on Indonesia's Bintan island, where the privately controlled firm operates a large alumina plant, according to three Chinese sources and an Indonesian official.
China’s Teapots Buy Iranian Oil to Replace Venezuelan Supply, Sources Say
By Siyi Liu Chinese independent refiners are buying discounted Iranian heavy crude to replace Venezuelan shipments that have stalled after the U.S. claimed control of the OPEC producer last month, two people with knowledge of the matter said on Monday.
Trump Says He Welcomes Chinese Investment in Venezuelan Oil
U.S. President Donald Trump said Saturday he would "welcome" Chinese investment in Venezuela's oil industry as the South American country seeks to revive its battered economy following the ouster of leader Nicolas Maduro. Venezuela sits on the world's largest proven oil ...
China Voices Support for Cuba as Sanctions Tighten and Oil Supplies Grow Uncertain
China on Tuesday reaffirmed its political support for Cuba and criticized the United States for tightening sanctions on the island, as Havana faces renewed pressure on energy supplies and external assistance. In a statement posted on social media, China’s foreign ministry ...
U.S. Allows China to Purchase Venezuelan Oil but Not at ‘Undercut’ Prices of Maduro Days, Official Says
By Timothy Gardner The Trump administration is allowing China to purchase Venezuelan oil but not at "unfair, undercut" prices at which Caracas sold the crude before the U.S. removed President Nicolas Maduro, a U.S. official said on Thursday. While the ...