• 45 mins Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 2 hours Energy Regulators Look To Guard Grid From Cyberattacks
  • 3 hours Mexico Says OPEC Has Not Approached It For Deal Extension
  • 5 hours New Video Game Targets Oil Infrastructure
  • 6 hours Shell Restarts Bonny Light Exports
  • 8 hours Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 14 hours Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 19 hours British Utility Companies Brace For Major Reforms
  • 23 hours Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 1 day Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 1 day Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 1 day OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 1 day London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 1 day Rosneft Signs $400M Deal With Kurdistan
  • 1 day Kinder Morgan Warns About Trans Mountain Delays
  • 2 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 2 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 2 days Russia, Saudis Team Up To Boost Fracking Tech
  • 2 days Conflicting News Spurs Doubt On Aramco IPO
  • 2 days Exxon Starts Production At New Refinery In Texas
  • 2 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 3 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 3 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 3 days China To Take 5% Of Rosneft’s Output In New Deal
  • 3 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 3 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 3 days VW Fails To Secure Critical Commodity For EVs
  • 3 days Enbridge Pipeline Expansion Finally Approved
  • 3 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 3 days OPEC Oil Deal Compliance Falls To 86%
  • 4 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 4 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 4 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 4 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 4 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 4 days Aramco Says No Plans To Shelve IPO
  • 7 days Trump Passes Iran Nuclear Deal Back to Congress
  • 7 days Texas Shutters More Coal-Fired Plants
  • 7 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 7 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
Can India Overtake China In The EV Revolution?

Can India Overtake China In The EV Revolution?

India wants to drastically increase…

OPEC Favors 9-Month Extension Of Production Cut Agreement

OPEC Favors 9-Month Extension Of Production Cut Agreement

According to Reuters sources, OPEC…

Argentina Now Receiving 40 Percent of Chinese Regional Investments

Argentina Now Receiving 40 Percent of Chinese Regional Investments

In Argentina Mandarin Chinese is now the main language in use in local petroleum companies, which are dominated by Chinese buyers. During the period June 2010 through May 2011 Argentina attracted 40 percent of the Chinese investments in Latin America, amounting to $15.584 billion, according to a study by the U.S. Deloitte consulting firm. "China is focusing on the natural resources industry and it is now also gaining ground in Latin America. A good part of those operations were in the energy and natural resources sector," reported Deloitte.

China’s Argentinean investments were exceeded only by Brazil, where investment was also primarily intended for the country’s fuel sector. Chile, the usual focus point of international markets interested in Latin America, got less than 1 percent of the Chinese regional investments, Clarin newspaper reported.

Recent Chinese energy purchases include China National Offshore Oil Corp. purchasing 60 percent of Pan American Energy for $7.059 billion in partnership with the local group Bridas Energy Holdings. The two companies already controlled 40 percent of the business. For this transaction they paid USD. CNOOC then purchased assets belonging to Esso in Argentina for $700 million. China Petrochemical Corp., or Sinopec, bought operations and holdings from the U.S.-owned Occidental petroleum company, paying $2.5 billion.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News