• 9 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes The EU Loses The Principles On Which It Was Built
  • 19 minutes Batteries Could Be a Small Dotcom-Style Bubble
  • 54 mins Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 7 hours Saudi PIF In Talks To Invest In Tesla Rival Lucid
  • 2 hours How To Explain 'Truth Isn't Truth' Comment of Rudy Giuliani?
  • 6 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 5 mins Starvation, horror in Venezuela
  • 7 hours China goes against US natural gas
  • 7 hours Western Canada Select price continues to sink
  • 6 hours Corporations Are Buying More Renewables Than Ever
  • 4 hours Are Trump's steel tariffs working? Seems they are!
  • 15 mins The Discount Airline Model Is Coming for Europe’s Railways
  • 4 hours Is NAFTA dead? Or near breakthrough?
  • 5 hours China still to keep Iran oil flowing amid U.S. sanctions
  • 5 hours Saudi Fund Wants to Take Tesla Private?
Trade War May Push China To Russian Energy

Trade War May Push China To Russian Energy

As trade war tensions heat…

Indonesia’s Oil Sector In Jeopardy As Elections Loom

Indonesia’s Oil Sector In Jeopardy As Elections Loom

With elections right around the…

China to Acquire Another East African Energy Foothold?

Beginning in 2001, then U.S. President George W. Bush declared a “global war on terror,” which saw U. S. military forces into regions where it previously had no presence.

One of the areas of concern to the U.S. military was Africa, where in 1977 the United States established an embassy in the East African horn of Africa state Djibouti. Since then the Republic of Djibouti’s government has consistently supported U.S. and Western interests, from the 1990-91 Gulf crisis. After the 11 September 2001 U.S. terrorist attacks, the following year Djibouti agreed to host a U.S. military presence at Camp Lemonnier, a former French Foreign Legion facility that now houses approximately 1,800 American personnel.

But the cash starved government is looking further afield than Washington for economic support, and, like many African countries, China is an alluring prospect.

On July 24 the Djiboutian Information Agency reported that Djibouti’s Minister of Energy in Charge of Natural Resources Ali Yacoub Mahamoud met with Chinese Ambassador to Djibouti Fu Huaqing to discuss cooperation in the energy sector, emphasizing possible geothermal and renewable energy projects. During the discussions Mahamoud emphasised Djibouti's interest in developing geothermal energy capacities with the intention of producing 100 percent of the nation’s energy needs from renewable energy sources by 2020. Ambassador Fu responded that China remains committed to supporting Djibouti’s energy initiatives for the “mutual benefit of both countries.” Seeking to bolster its renewable energy sector, Djibouti has also been discussing potential geothermal cooperation arrangements with the World Bank, Japan, Turkey and Libya.

For Djibouti, the U.S. military presence is increasingly overshadowed by China’s interest in developing the country’s energy potential. Djibouti has made several attempts to harness the country’s geothermal potential, starting as far back as the 1970s. Besides China, other institutions interested in Djibouti’s geothermal energy include the International Development Association, the French Agency for Development, the African Development Bank, the Sustainable Energy Fund for Africa, the Energy Sector Management Assistance Program, the Global Environment Facility and the OPEC Fund for International Development.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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