According to a report released by ANI, China's Communist Party
has announced a US $3.5 billion plan to remove 700 mountains in
Gansu province to make way for a metropolis 50 miles from the city
of Lanzhou in northwest China. China adds its mountain-moving
project to a long list of major infrastructure projects now
approved throughout the country.
(See The Guardian for a promotional video on the planned metropolis.)
Click HERE or see below for three opinions on Sino-Latin energy ties in 2013.
Originally published in the Dialogue's weekly Latin America Energy Advisor.
Q: This year, China continued to make inroads into Latin America's energy sector— including increasing its market share in the wind sector through competitive financing in Argentina, expanding solar development in Brazil and approving loan-for-oil deals in Venezuela. How has Beijing's geopolitical strategy in terms of energy resources evolved in recent years? How will China&rs......
Colombian firm Interbolsa is being liquidated in a move to protect the interests of Colombia’s financial markets. This after an announcement last Thursday that Interbolsa is facing liquidity shortages. Regulators intervened the following day when the brokerage firm failed to make a $11 million payment to a local bank, according to Reuters.
Of note here is Interbolsa’s list of principal funders (see chart below). Topping the list is Mansarovar Energy Colombia Ltd., a company formed in a unique union of Chinese (Sinopec) and Indian (ONGC Videsh) financing, and which repres......