The China Africa Project
02.23.18
Hong Kong Millionaire’s Arrest Exposes Chinese Corruption in Africa
Former Hong Kong Secretary for Home Affairs Patrick Ho Chi-ping pleaded not guilty last month to corruption charges brought by a U.S. federal court in New York after he was accused of offering bribes worth a total of U.S.$2.9 million to prominent...
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11.20.17Rosneft Deal Boosts Russia-China Relationship
Financial Times
Russia’s state-run oil group Rosneft has agreed to supply its new partner CEFC China Energy with almost 61m tonnes of oil over the next five years, strengthening the most high-profile corporate link in the burgeoning relationship between Moscow and...
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10.09.17Breakingviews - China's Oil Giants Brace for Electric Car Crash
Reuters
China’s push into new energy vehicles (NEVs) – including battery-powered and hybrid cars – could curb demand for black gold. Sinopec and PetroChina will be hardest hit. The policy will also add to downward pressure on global crude prices.
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12.01.16China Stands to Gain from OPEC Deal
Wall Street Journal
Output agreement could boost the country’s oil industry and reduce its reliance on Saudi crude
The China Africa Project
10.30.15
China’s Risky Oil Strategy in Africa’s Sahel Region
Chad is one of the poorest, most corrupt, and, increasingly, most volatile countries in Africa. A recent wave of suicide bombings, allegedly orchestrated by Boko Haram, killing 36 and injuring 50, highlights the perilous challenges of doing business...
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07.07.15China Offers Private Companies Rights to Explore Six Oil-and-Gas Blocks
Wall Street Journal
China’s government is making a small step toward opening the nation’s energy resources to private investment.
Caixin Media
05.19.15
Why Xinjiang’s Economy Is Sputtering
It has been almost one year since a terrorist bombing in Urumqi, the capital of the Xinjiang region, shocked the nation and brought economic woes and social conflicts in the largely Uighur-populated area into the spotlight again.I arrived by train...
Caixin Media
04.28.15
Saudi Aramco’s Al-Falih on China Collaboration
Saudi Arabian Oil Company President and CEO Khalid A. Al-Falih has seen global oil prices rise and fall through at least six market cycles during his more than 30 years with the world’s largest crude producer and exporter.Al-Falih, 55, joined the...
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03.18.15Party Investigates CNPC Executive Once Seen as Company’s Next Leader
Liao Yongyuan, who oversaw gas pipeline project crossing country, becomes target of inquiry by party graft-buster.
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03.02.15The Film That Is Going to Change China
Business Spectator
Chai Jing's stunning documentary on the smog problem was viewed more than 100 million times in little over two days.
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07.15.14China Tells U.S. To Stay Out of South China Seas Dispute
Reuters
China told the United States on Tuesday to stay out of disputes over the South China Sea and leave countries in the region to resolve problems themselves, after Washington said it wanted a freeze on stoking tension.
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06.24.14China's Legendary ‘Crazy Yang’ Oil Trader Dies
Reuters
Legendary Chinese oil trader “Crazy Yang” Qinglong, who started China's oil business with Iran in the 1990s and was renowned as a hard-drinker who bear-hugged Iranian officials, has died, said company officials and former acquaintances.
Caixin Media
04.23.14
Graft Inquiry at CNPC Uncovers Shady Deal
A little-known deal related to an equally little-known, yet highly productive oilfield has come to light as a graft investigation unfolds at oil giant China National Petroleum Corp. (CNPC). A businessman with strong ties to officials is behind the...
Caixin Media
04.15.14New Sichuan Petchem Plant on Shaky Ground
A controversial petrochemical project in the southwestern province of Sichuan quietly went into operation in March, but questions about the China National Petroleum Corp. (CNPC) facility continue to linger.The project is in Pengzhou, a city of 763,...
Caixin Media
03.25.14
State-Owned Oil Firms Invite Outside Investors
Since February, state-owned oil majors have taken steps toward pilots in mixed-share ownership, following central government calls for reforms to state-owned enterprises (SOEs). After the Chinese New Year, China Petroleum and Chemical...