• 4 minutes Will We Ever See 100$+ OIL?
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 11 minutes Energy Outlook for Renewables. Pie in the sky or real?
  • 7 mins Iran Loses $130,000,000 Oil Revenue Every Day They Continue Their Games . . . .Opportunity Lost . . . Will Never Get It Back. . . . . LOL .
  • 1 day Iran Captures British Tanker sailing through Straits of Hormuz
  • 20 hours Renewables provided only about 4% of total global energy needs in 2018
  • 11 hours EIA Reports Are Fraudulent : EIA Is Conspiring With Trump To Keep Oil Prices Low
  • 2 days Drone For Drone = War: What is next in the U.S. - Iran the Gulf Episode
  • 2 days Today in Energy
  • 2 days Berkeley becomes first U.S. city to ban natural gas in new homes
  • 2 hours Shale Oil will it self destruct?
  • 1 day Oil Rises After Iran Says It Seized Foreign Tanker In Gulf
  • 7 hours First limpet mines . . . . now fly a drone at low altitude directly at U.S. Navy ship. Think Iran wanted it taken out ? Maybe ? YES
  • 6 hours N.Y. Governor Signs Climate Bill
  • 3 hours U.S. Administration Moves To End Asylum Protections For Central Americans
  • 3 days LA Solar Power/Storage Contract
  • 3 days Why Natural Gas is Natural
Alt Text

The World Can’t Let Nuclear Energy Die

Despite wavering public sentiment and…

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




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play