Category: Oil
Environmental Activist ‘Detained’ in Uganda, NGOs Say
An environmental activist in Uganda opposed to a huge oil drilling project headed by French giant TotalEnergies has been detained by soldiers, two NGOs said Friday. Stephen Kwikiriza has not been heard from for three days, according to the International Federation ...
China’s Xi Says Wants to Deepen Energy Cooperation With Arab States
Chinese leader Xi Jinping said Thursday he would seek to deepen energy cooperation with Arab states as he addressed a forum of regional leaders and diplomats in Beijing. China, which has ramped up diplomatic exchanges with Middle Eastern leaders in recent ...
WEEK IN REVIEW: China in the Sahel | ChatGPT’s take on China-Africa
China somehow managed to get the oil flowing between Niger and Benin this week amid a bitter dispute between the two West African countries that had briefly shut down the pipeline. Eric, Cobus, and Geraud ...
Benin Allows Niger to Export Crude, Overcoming a Dispute
Benin's government said on Wednesday that it would allow the export of Nigerien oil through its port of Seme, resolving a tense standoff between the West African neighbors. Land-locked Niger last November inaugurated a giant oil pipeline to transport crude extracted ...
Chinese Firms Win Most Bids to Explore Iraq Oil and Gas
Chinese energy companies won bids to explore 10 Iraqi oil and gas fields during new licensing rounds, ahead of any other foreign country, Iraq's oil ministry said Monday. Seven Chinese companies, including Sinopec, UEG, CNOOC Iraq, and Anton Oilfield, won 10 ...
Chinese Oil Shipments Caught in the Middle of Niger-Benin Trade Feud
Thousands of barrels of Nigerien oil should be flowing daily through a new 1,900km pipeline to the Port of Seme in neighboring Benin, from where it would be transported to China. But the pipeline is dry as the two West African ...
Malaysia Sells a Lot More Oil (Mostly to China) Than It Produces
Iran sold just $1.2 billion worth of goods to China in the first quarter of the year, according to new China Customs data released this week. That figure, though, is wholly misleading since it does not align with the news that
Fearful of Further Roiling Ties With China, Biden Expected to Resist Congressional Pressure to Crack Down on Iranian Oil
The U.S. House of Representatives overwhelmingly passed legislation this week that aims to limit China's purchases of Iranian oil to sanction Tehran for last weekend's missile attack against Israel. The Iran-China Energy Sanctions Act of 2023 calls for secondary sanctions against Iran ...
China Imported a Record Amount of Oil Last Year
China broke its all-time record for oil imports last year, averaging 11.3 million barrels a day — 10% more than in 2022, according to new Chinese Customs data. Almost 20% of that volume came from Russia alone, which displaced Saudi Arabia ...
With New Oil Deal, China Holds Steady in Niger While Western Powers Withdraw
Niger signed a $400 million MoU with Chinese state-owned oil giant China National Petroleum Corp (CNPC) for the sale of crude oil from the country’s Agadem oilfield. Following the launch of a pipeline project in November backed by PetroChina, the publicly-listed arm ...
WEEK IN REVIEW: Apple Assembled $14 Billion Worth of iPhones in India in Its Last Fiscal Year
Apple assembled $14 billion worth of iPhones in India in its last fiscal year, providing more evidence of the electronics giant's rapid diversification of its supply chain beyond China. The company also hopes improved sales in the Indian market will help offset slumping demand for Apple products in ...
WEEK IN REVIEW: Chinese Premier Li Qiang Said Beijing Will Assist Sri Lanka in Its Debt Restructuring Process
Chinese Prime Minister Li Qiang provided fresh assurances on Tuesday to his Sri Lankan counterpart Dinesh Gunawardena that Beijing will assist Colombo in its debt restructuring process. Gunawardena is visiting Beijing this week and raised the issue of Sri Lanka's $7.1 billion outstanding loans owed to Chinese creditors.