• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 14 hours Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 25 mins Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 45 mins CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 1 hour NordStream2
  • 19 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days Is anything ever sold at break-even ? There is a 100% markup on lipstick but Kuwait can't break-even.
  • 6 days Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 4 days Modest drop in oil price: SPRs vs US crude inventory build
  • 4 days 2019 - Attack on Saudi Oil Facilities.
  • 5 hours "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 5 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 6 days Ukrainian Maidan after 8 years
  • 6 days Peak oil - demand vs production
Tiny Reactors Could Make Nuclear Power 50% Cheaper

Tiny Reactors Could Make Nuclear Power 50% Cheaper

Huge cost overruns have made…

The Two Billionaires Reimagining Nuclear Energy

The Two Billionaires Reimagining Nuclear Energy

Two of the world’s richest…

Rolls Royce To Develop Mini Nuclear Reactors In The UK

Rolls Royce To Develop Mini Nuclear Reactors In The UK

Rolls-Royce Holdings Plc raised $617…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

China Just Made Its First Big Move On The Silk Road, In Uranium

Asia’s emerging Silk Road corridor may be one of the biggest developing stories in natural resources. And this week saw one of the first big deals in this space since China announced the initiative earlier this year.

That came in Kazakhstan. Where a slate of Chinese companies announced agreements in the country’s world-leading uranium industry.

CGN Mining, a listed subsidiary of China General Nuclear Power Corporation, signed up to take a minority stake in Kazakh uranium deposits, according to reports from Reuters.

The deal also includes construction of a fuel assembly production plant. With the plan reportedly being to send the entirety of this fuel supply back to China’s nuclear reactor fleet. Related: $30 Oil Will Accelerate Much Needed Rebound

And the deals didn’t stop at uranium. With Chinese companies also signing up Kazakh assets in the oil and gas space.

That included China’s CEFC Energy agreeing to buy a 51% share in a subsidiary of Kazakh state oil and gas firm KazMunayGaz, which operates refineries and gas stations (as well as fertilizer plants) across Europe.

China National Chemical Engineering also agreed to construct a natural gas-fueled chemical complex in Kazakhstan. Related: Forget Oil Majors, Stripper Wells Offer Better Returns

Overall, this string of deals was said to be worth $4 billion. With sources from the Chinese companies involved saying part of the funding for the ventures will come from China’s recently-created $40 billion Silk Road infrastructure fund.

That would make these moves in Kazakhstan the most significant investment to date China has made under the Silk Road initiative. Showing that the country is serious in its plan to transform Asia and Eastern Europe through trade and infrastructure, especially with regard to natural resources.

This is a great confirmation for developers working on mining and petroleum projects along the Silk Road. Watch for more funds being deployed by China in this part of the world.

Here’s to taking the old road

By Dave Forest

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News