China and Africa

Sino-African oil business and the environment

The bilingual environment-watching website China Dialogue has published two articles about China's involvement in Africa, focusing on Nigeria and Angola:

The new face of Nigeria’s oil industry by Godwin Nnanna

Excerpt:

"Half a century of oil exploration in the Niger Delta has left the people of the region poorer than they were before the discovery of oil in their neighborhood."

For all those desirous to see greater flow of foreign direct investments into Africa, the year 2006 opened on a very optimistic note. China National Offshore Oil Corporation (CNOOC) announced an investment of US$2.3 billion in Nigeria, the continent’s most populous nation. The deal, China’s biggest investment foray into Africa, gives the corporation a 45% stake in an off-shore oil field. China now has partial control over a Nigerian oil field that has the capacity to produce as much as 180,000 barrels per day.


China’s African encounter by Ben Schiller

Excerpt:

"The weaknesses of Chinese corporate-responsibility standards are most evident in developing world – where the majority of Chinese investment is now focused – and are frequently oil-related."

China has long enjoyed good relations with the southern African state of Angola, during the Cold War the two regimes shared ideological sympathies. But the relationship has taken on a new closeness in recent years, as China’s economy has expanded and Beijing has encouraged its companies to scour the world for natural resources. From being a blip on China’s strategic map, Angola is now central to China’s strategic plans – a country to be flattered and indulged through a mix of military support, aid, and cheap loans.

Earlier this year, Angola – Africa’s second largest oil producer - became China’s number one source of crude oil, overtaking Iran, Saudi Arabia and Nigeria. In May, Sinopec, one of China’s three leading oil companies, struck a US$2.2 billion deal with Sonangol, Angola's state-owned oil company, to develop two new blocks with estimated reserves of 4.5 billion barrels, adding to its previous concessions. By 2008, Angola will supply the People’s Republic with up to two million barrels a day. And, by all accounts, the plan is for more.

There are currently 0 Comments for Sino-African oil business and the environment.

Post a comment

All comments are moderated and subject to review by Danwei contributors and editors, but well-grounded and articulate comments will be published regardless of which way they lean. Because comments published on any website ultimately contribute to the character of that website, we may decline to publish comments that are irrelevant, redundant, or that do not adhere to generally accepted standards of courtesy; if you are looking for a fight, there are plenty of other venues available online.


Some useful html: <b>bold</b>, <i>italic</i>,
<a href="http://www.danwei.org">link</a>

Media Partners
Visit these sites for the latest China news
090609guardian2.png 090609CNN3.png
China Media Timeline
Major media events over the last three decades
Danwei Model Workers
laomo2008fpA.jpg
Recommended blogs and new media
Books on China
AXL091030storiesforthcoming.jpg
Princess Der Ling: Two Years in the Forbidden City: Two years in the Forbidden City is largely a reminiscence of the minutiae of life for one of history's most powerful women, by one of her court attendants, a Manchu noble's daughter by the name of Der Ling.
Carl Crow's The Long Road Back to China: In 1939 Carl Crow - an American journalist, advertising executive and author who had lived in Shanghai for 25 years until forced out by the Japanese - travelled up the Burma Road from Rangoon to Chongqing on assignment for Liberty magazine - 'the most interesting assignment I have ever been given'.
Front Page of the Day
A different newspaper every weekday
From the Vault
Classic Danwei posts
+ The 'national' in National Day (2006.10): Xiao Feng writes about China's national flavor, national curse, national bird, national car, and so forth, Dongfang Yu writes on the true meaning of China's National Day in the age of angry youth.
+ Don't ask so laowai don't have to tell (2008.07): An essay was written by Geremie Barmé, scholar, filmmaker and author of the new book The Forbidden City.
+ Religion and government in an uneasy mix (2008.03): Phoenix Weekly (凤凰周刊) article from October, 2007, on government influence on religious practice in Tibet.
Danwei Archives
Danwei Feeds
Via Feedsky rsschiclet2.png (on the mainland)
or Feedburner rsschiclet.gif (blocked in China)
rsschiclet2.png rsschiclet.gif Main feed: Main posts (FB has top links)
rsschiclet2.png rsschiclet.gif Top Links: Links from the top bar
rsschiclet2.png rsschiclet.gif Danwei Jobs: Want ads
rsschiclet2.png rsschiclet.gif Danwei Digest: Updated daily, 19:30