Via Stratfor (subscription required), an excellent analysis of how the rugged terrain of Sub-Saharan Africa prevents industrialization and modern infrastructure from taking hold and engenders chronic political instability. As a result, the article notes, most foreign investment goes to resource extraction, especially offshore projects protected from the disruptions that are rife on land: “…Foreign direct [...]
Read more »Via Energy Daily, news that China National Petroleum Corp (CNPC), has agreed to invest in a joint venture oil refinery near the capital of Chad. Just a further example of China push into Africa’s oil & gas sector. Curious as to why other countries are not as aggressive on this continent. “A subsidiary of CNPC, [...]
Read more »Noticed an interesting article in today’s International Herald Tribune, further emphasizing China’s interest in gaining access to Africa’s petroleum resources. While we have reviewed China’s engagement of several African markets in previous posts, this was the first article focused primarily on Chad. “….Despite advanced prospecting by French and other Western firms dating back to [...]
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