The Trump administration announced on April 22 that “buyers of Iranian oil must stop purchases by May 1 or face sanctions …” reported by CNBC on April 23. “The move, which took many market participants by surprise, ends six months… Read More ›
Venezuela
A map ‘error’ solidifies China’s resoluteness to support Russia to confront US over Venezuela
Surprise?! Ten weeks after the US-backed Juan Guaidó declared himself the ‘interim president’ of Venezuela on Jan 23, Nicolás Maduro’s government is still alive. What is diplomatically significant is that on March 26, Chinese Foreign Ministry spokesperson Geng Shuang dared… Read More ›
As Venezuela crisis splits the world into three blocs, it is a great lesson of multi-polarity for China
Take a look at this interesting map. Both BBC News and Big Think present a world map respectively showing different countries’ diplomatic responses to the current Venezuela crisis in which Washington “has urged the world to pick sides — Maduro… Read More ›
China is bailing out the world’s teetering oil producers – on terms that could cripple them
Oil-exporting nations are facing budget crises, political instability and social upheaval thanks to the cratering of crude oil prices in recent weeks. Enter China. Despite an economic slowdown of its own—which has been a factor in plunging oil prices—Beijing is stumping up billions… Read More ›
Venezuelan state’s economic response to protests: Rationing plus Chinese and Russian loans to float a liberal dollar market
As protests continue against Venezuela’s faltering “oil revolution,” the political strategy of the Chavista administration is striking for its intransigence. President Maduro has refused to recognise any grievances by students or other protesters. He calls protesters “fascists” and blames them for all… Read More ›
China ups Venezuelan oil investments, but refuses Chavista leaders’ plea for a cash bailout
Back in April, Brazil’s Folha de SaoPaulo ran an article entitled: “The Future of Venezuela Depends on China“ and highlighted this quote: Translation: “If Maduzo wins, he’ll have to regain the confidence of the Chinese.” – TOM O’DONNELL, petroleum consultant Indeed, it is now clear that the… Read More ›
Venezuela’s PDVSA Post-Chávez: Will partnerships with the private sector and Chinese experts boost oil production?
Throughout 2012, and especially after President Hugo Chávez’ death in early March 2013, Venezuela’s national oil firm, Petróleos de Venezuela S.A. (PDVSA), has taken measures beyond anything done in the past decade to raise its lagging production. While the likely… Read More ›
EU competing with China in Latin America
German Chancellor Angela Merkel and other EU leaders have become increasingly concerned that China’s continued rise in Latin America could squeeze out European business. China has not only increased the quantity of its exports to Latin America, but also used… Read More ›
China: Iraq oil production booming, Venezuela lagging
The New York Times had an interesting article: ”China is reaping biggest benefits of Iraqi oil boom” on June 2, 2013. The question that comes to mind is … Why is Chinese production in Iraq booming, and in Venezuela lagging? As… Read More ›
China seeking to dominate African news media, complete with censorship and propaganda
China’s investment prowess and construction know-how is widely on display in the long-congested Kenyan capital of Nairobi. A ring road and the nation’s first superhighway are being built and partly financed by Beijing. The international airport is undergoing a $208 million… Read More ›
Venezuela expands China oil-for-loan deal to $8 billion
Venezuela‘s Congress voted on Tuesday to double the amount the government can borrow from China under a deal that lets the OPEC nation repay loans with oil, potentially adding to the debt burden taken on under President Hugo Chavez. China… Read More ›
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