February 7th, 2023
Courtesy of the Asia Times, a report on how China’s trade with Southeast Asia is driving a world-beating economic boom: China’s exports to Southeast Asia jumped by 20% in 2022, despite a year-on-year decline in China’s total exports driven by a 19% drop in exports to the US and a 17% drop in exports to the […]
Read more »Chevron Explores Algerian Gas Plans Amid Russian Sanctions
February 7th, 2023
Courtesy of the Wall Street Journal, a look at Chevron’s interest in Algeria, a nation that holds bigger shale resources than the U.S.: Oil giant Chevron Corp. is is looking to seal an energy exploration deal with Algeria, as the North African country steps up efforts to replace sanctioned Russian supplies in nearby Europe, according to people familiar with […]
Read more »February 7th, 2023
Via Frontier Markets News, an article on efforts by Russia and Iran to integrate their banking systems: Iran and Russia have connected their interbank communication and transfer systems to help boost trade and financial transactions, a senior Iranian official said on Monday, as Tehran and Moscow struggle under Western sanctions, the NYT’s Cora Engelbrecht reports. The financial […]
Read more »Billions in Oil Riches Vanish in Latin America as Pemex Stumbles
February 7th, 2023
Courtesy of Bloomberg, a report on how Pemex has seen its crude output decline almost every year since 2004 as mismanagement, debt and failing projects drag down Mexico’s oil giant: The rebound in oil prices over the last two years brought in record profits for the world’s largest crude producers, shoring up local economies and boosting jobs. Despite the fanfare, […]
Read more »February 7th, 2023
Via Global Policy Journal, an interesting look at how China has fully financed the construction of at least 15 new African parliamentary buildings and refurbished several others: In 2005, during Prime Minister Pakalitha Mosisili’s visit to Beijing, China offered to pay for the construction of a new Lesotho parliament building. The Lesotho government had identified […]
Read more »Indonesia’s Nickel Riches Spur Domestic EV, Battery Ambitions
February 5th, 2023
Courtesy of Nikkei Asia, a look at how Indonesia’s nickel riches are spurring local company EV, battery ambitions: FROM COAL MINERS TO CONGLOMERATES, INDONESIA’S BURGEONING ELECTRIC VEHICLE AND BATTERY SCENE IS ATTRACTING BROAD LOCAL CORPORATE INTEREST BUOYED BY THE COUNTRY’S RICH NICKEL RESOURCES AND GOVERNMENT PROMISES OF INCENTIVES. THE INVOLVEMENT COMES AS GLOBAL EV MAKERS INCLUDING […]
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