Tag: Oil
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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.
Battle for Khartoum Wrecks Chinese-Built Oil Refinery in Sudan
By Abdelmoneim Abu Idris Ali The once-pristine white oil tanks of Sudan's largest refinery have been blackened by nearly two years of devastating war, leaving the country heavily dependent on fuel imports it can ill afford.
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 ...
Niger Expels Three Chinese Oil Executives: Reports
Niger's military rulers have expelled three Chinese oil executives from the country and closed down a Chinese-run hotel, media reports and an official decree indicated Friday. Several Nigerien media reported that authorities had given two days' notice to leave the country ...
Rethinking China’s Role in Africa’s Energy Future
By Jiaqi Lu Expanding electricity access is one of the most pressing challenges for Africa’s development, with 600 million people—roughly 43% of the continent’s population—still lacking access to reliable electricity. The 2025 Africa ...
Infographic: Who Are China’s Top Trading Partners in Africa?
Trade between China and Africa reached more than $295 billion in 2024, an increase of 6.1% on the previous year, according to a recent report by the Chinese customs administration. We break down the trade between the two continents in infographics. ...
U.S. Sanctions Network Delivering Iranian Oil to China
The U.S. Treasury announced financial sanctions on Thursday, the first under the new administration of Donald Trump, that target an "international network" accused of shipping Iranian oil to China to fund Tehran's military activities. The sanctions target the network for "facilitating ...
Two Chinese Oil Workers Kidnapped in Niger
Unidentified gunmen ambushed a vehicle carrying staff from the Chinese state-owned oil major CNPC near Niger's Agadem oil field, killing two local security guards and taking two of the Chinese nationals hostage. The incident, according to French news reports, took place ...
Sri Lanka Signs Landmark $3.7 Billion Deal With Chinese State Oil Giant
Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday. Sinopec has agreed to invest $3.7 billion to construct a "state-of-the-art oil refinery" with a capacity of 200,000 barrels ...
Xi Pledges to Boost Iran Ties in Talks With Pezeshkian
Chinese President Xi Jinping pledged to increase ties with Iran during talks with his counterpart Masoud Pezeshkian in Russia, Chinese state news agency Xinhua reported Wednesday. The meeting between the two on the sidelines of a BRICS summit was their first ...
Chinese PM Meets Saudi Crown Prince During Riyadh Visit
Saudi Arabia's de facto ruler Crown Prince Sheikh Mohammed bin Salman met on Wednesday with visiting Chinese Premier Li Qiang to discuss bilateral ties, Saudi state media said. Riyadh was Li's first stop in a regional Gulf trip that will also ...
Chinese Prime Minister Arrives in Saudi Arabia
Chinese Prime Minister Li Qiang arrived in Riyadh on Tuesday, Saudi state media reported. This is the first leg of a regional Gulf trip that will also take him to the UAE. Li "arrived in Riyadh to participate in the fourth ...