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Latin America

China Is Desperate To Secure Latin American Oil And Coal | SOURCE: Oil Price

State-controlled Chinese energy companies and miners are boosting their regional presence investing heavily in a wide range of operations, notably in Colombia, Ecuador, and Venezuela. Fiscally weak governments, resource-rich terrain, and a deep economic malaise exacerbated by the COVID-19 pandemic have created the ideal opportunity for Beijing to build greater regional influence. Moreover, former President Trump’s decision to ignore Latin America coupled with Washington’s crumbling regional hegemony is amplifying China’s ability to expand its regional footprint and influence.

SOURCE: Oil Price


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central asia

Russia and Kazakhstan push for hydrocarbon expansion with projects in Caspian | Source: Neftegaz Ru

Kazakhstan’s President Kassym-Jomart Tokayev revealed that Russia’s oil giant Lukoil would help Central Asia’s largest country develop oil fields located in Kazakhstan’s portion of the Caspian Sea. He stressed that they already started developing the large Kalamkas-Sea and Khazar fields. Kalamkas-Sea is an offshore field located in the northeastern part of the Caspian Sea, near the giant Kashagan field – one of the world’s largest discoveries of the past 4 decades. The total project cost will be about $5 billion.

Source: Neftegaz Ru


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Eurasia

First China-Russia highway bridge ready for operation | Source: Global Times

Workers work at the construction site of the first highway bridge connecting China and Russia across the Heilongjiang River, on August 19, 2019.

The Blagoveshchensk-Heihe highway bridge, the first highway bridge connecting China and Russia across the Heilongjiang River, is ready to open to traffic, marking the completion of another key cross-border infrastructure project that could pave the way for a closer economic bond between the two countries. China and Russia are also actively exploring cooperation in the fields of oil and gas chemicals, mineral resources, as well as green, low-carbon, and hydrogen energy.

Source: Global Times


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Europe

Putin and Lukašenko ready to launch new Russian-Belarusian union | Source: Asia News

Belarusian President Aleksandr Lukašenko and his “big brother” Vladimir Putin are ready to launch the long-awaited union between Russia and Belarus. The agreements will permit the formation of a single gas and fuel market. Belarus (a buffer country between Russia and Western Europe, close to the Baltic States) has always purchased Russian oil and fuels at a low price, without export taxes, importing about 23 million tons of fuels each year.

Source: Asia News


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Europe

Poland will terminate gas supply contract with Russia | Source: The First News

Poland will no longer need Russian gas supplies delivered by the Yamal pipeline next October owing to the start of deliveries of North Sea gas via the new Baltic Pipe, through a Polish-Danish strategic gas infrastructure project, that will bring Norwegian gas to the Polish markets, and will help Poland diversify natural gas supplies.

Source: The First News


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South Asia

China is already sending aid to Taliban-controlled Afghanistan, filling the gap the US left | Source: Business Insider

Chinese President Xi Jinping.

China is already sending aid to Taliban-controlled Afghanistan, filling the financial gap left by the US and other world powers. Last week, China pledged $31 million worth of food, medicine, and COVID-19 vaccines, to Afghanistan, the first sizeable foreign-aid promise from a major nation since August 15. For China, the new Taliban regime signals a chance to extend its reach and access natural reserves.

Source: Business Insider


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Africa

China, Africa enjoy broad economic, trade cooperation prospects | Source: People´s Daily Online

Trains park on the track at the Mobolaji Johnson Railway Station of the Chinese-built Lagos-Ibadan railway in Lagos, Nigeria, on June 10, 2021.

China-Africa economic and trade cooperation remains stable with positive momentum, following steady progress in infrastructure, energy, investment, and industrial park building, among other areas. China’s direct investment in Africa has grown by an average of more than 25 percent annually since 2000, according to a report on Chinese companies’ investment in the continent.

Source: People´s Daily Online


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South Asia

China seeks to extend Belt and Road Initiative to Afghanistan | Source: Eastern Eye

A metro project built under the China-Pakistan Economic Corridor (CPEC) in Lahore.

CHINA has expressed hope to extend its multi-billion-dollar Belt and Road Initiative (BRI) into Afghanistan.  With the Taliban in control of Afghanistan and the complete withdrawal of the US troops, China appears to be chalking out plans to extend its BRI to Afghanistan besides investments to exploit the rich minerals and highly lucrative rare-earth mines in Afghanistan. Rare-earth metals, which are key components for a host of advanced technologies like iPhones and hi-tech missile guidance systems, were estimated to be worth anywhere between $1 trillion (£720 bn) and $3 trillion (£ 2.1 trillion) in 2020 in Afghanistan.

Source: Eastern Eye


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Eurasia

Russia’s Gazprom Neft signals shift away from US dollar payments in China | Source: South China Morning Post

Gazprom Neft is the third-biggest oil producer in Russia and operates at 34 airports in China.

Gazprom, third-biggest oil producer in Russia that operates at 34 airports in China , has started settling some aviation fuel payments in the yuan in China as Moscow and Beijing look to cut reliance on the US dollar and increase cooperation in the energy sector. The US dollar’s share of trade between Russia and China fell below half for the first time on record in the first quarter of 2020, and again in the fourth quarter last year, with more than three-quarters of the transactions between the two countries now conducted in the euro, according to Russia’s central bank.

Source: South China Morning Post


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South Asia

Pandemic reaffirmed Russia-India cooperation reliable | Source: TASS

Indian Prime Minister Narendra Modi.

The coronavirus pandemic has confirmed that Russia and India have reliable cooperation, Indian Prime Minister Narendra Modi said. According to the Indian prime minister, “energy is another major pillar of our strategic partnership”.

Source: TASS


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