(South China Morning Post, Hong Kong, 29 October 2018) The planning behind many of China’s major infrastructure projects abroad has been “downright inadequate”, leading to huge financial losses, according to the head of the country’s state export credit insurer. Wang Wen, of China Export and...
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2018/10/29
ECAs: Sinosure
Issue: Oil, Gas and Mining
(Pipeline Technology Journal, Hannover, 27 September 2018) The 614-km, 40 inch Ajaokuta - Kano Gas Pipeline (AKK), the single biggest gas pipeline in the history of oil and gas operations in Nigeria, will now go forward with $ 2.38 bn financing secured by the China National Petroleum...
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2018/09/30
Country: China
ECAs: EXIM Bank China, Sinosure
Issue: Oil, Gas and Mining
(Daily Trust, Abuja, 3 September 2018) China National Petroleum Corporation (CNPC) has assured the Nigerian National Petroleum Corporation of its unflinching commitment towards securing funding for the Ajaokuta-Kaduna-Kano (AKK) pipeline project. Financing for the 40-inch by 614km AKK gas...
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2018/09/30
Country: China
ECAs: EXIM Bank China, Sinosure
Issue: Debt
(Reuters, Beijing, 4 September 2018) A wave of African nations seeking to restructure their debt with China has served as a reality check for Beijing’s ties with the continent, though most of its countries still see Chinese lending as the best bet to develop their economies. China is helping...
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2018/04/30
Country: China
ECAs: Sinosure
Issue: BRIC countries
(New Times, Rwanda, 29 April 2018) Preparations for the 2018 Forum on China-Africa Cooperation (FOCAC) that will take place in September in South Africa are in high gear officials have said. In the 2015 summit, China pledged a new round of funding support to Africa’s development, worth $60...
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2018/02/28
Country: China
ECAs: EXIM Bank China, Sinosure
Issue: BRIC countries
(Xinhua, Beijing, 28 February 2018) With China's Belt and Road Initiative gaining more recognition globally, Western banks are rushing in for a piece of the pie in this once in a generation opportunity. British and U.S. banks, including Citigroup, HSBC and Standard Chartered have been seizing...
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2018/02/28
Country: China, USA
ECAs: EXIM Bank China, Export-Import Bank of the United States, Sinosure
Issue: World Trade Organization
(Reuters, Washington, 21 February 2018) The U.S. Treasury’s top diplomat ramped up his criticisms of China’s economic policies on Wednesday, accusing Beijing of “patently non-market behavior” and saying that the United States needed stronger responses to counter it. He said market-oriented,...
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2017/12/31
ECAs: SACE S.p.A., Sinosure
Issue: Climate Change, Oil, Gas and Mining
(LNG Worldshipping News, London, 4 December 2017)) Floating LNG (FLNG) is opening new offshore gas basins for LNG development in Africa. The ownership structure of Africa’s new LNG production and the willingness of international oil companies to deploy new technologies will drive the...
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2017/12/31
Country: China, Iran
ECAs: Sinosure
Issue: Oil, Gas and Mining
(Financial Tribune, Tehran, 30 December 2017) China's Sinopec Engineering Company has signed a deal worth $1 billion to develop Abadan Oil Refinery, Iran's oldest crude processing facility in the southern oil-rich Khuzestan Province, the Chinese oil and gas group announced. According to Iranian...
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