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Archive for October, 2009
CHINA SOUTH AMERICA HAS MOVED
Posted in Uncategorized, tagged china south america, chinasouthamerica, csa on October 21, 2009| Leave a Comment »
Bolivia to buy Chinese jets to battle drugs reports Bloomberg
Posted in and Bolivia, Bolivia, China, Foreign Policy, Latin America, Newswire, Sino-Latin American Relations, South America, South-South Cooperation, tagged Bolivia, bolivian airforce, china-bolivia, chinese light military aircraft, czech republic, 玻利维亚, 玻利维亚 - 中国, evo morales, k-8 aircraft, la paz, sino-bolivian relations, Sino-Latin American Relations, u.s. government, 中国 on October 13, 2009| Leave a Comment »
Bolivia plans to buy six Chinese light military aircraft worth nearly $58 million to fight drug traffickers in the world’s No. 3 cocaine producer, leftist President Evo Morales said on Saturday.
“Last week we issued a supreme decree to … acquire six K-8 aircraft from China,” said Morales in a speech in La Paz to mark the 52nd anniversary of the Bolivian air force.
Morales said his government decided to acquire the K-8, a jet trainer that can be used as a light attack aircraft, after the U.S. government blocked the country from buying similar planes from the Czech Republic.
Click here to read the complete article from Reuters
Commodity Boom Will Thrive on Shortages, Rogers Says
Posted in Agricultural, Asia, China, China, Commodities, Commodity, Crude Oil, Energy, Finance / Investments, Jim Rogers, Natural Gas, Singapore, Sugar, United States, Zinc, tagged agricultural commodities, Commodities, commodities boom, cotton, Jim Rogers, markets, natural gas, oil, rogers, rogers holdings, Sugar, supply on October 13, 2009| Leave a Comment »
Newswire: Jim Rogers
“I don’t see any adequate-supply situation in any commodity market over the next decade or two,” Rogers, the chairman of Singapore-based Rogers Holdings, said today in an interview in New York. “The commodities boom is not over and the bull market has several years to go.”
“I own some cotton,” Rogers said. “I own some sugar,” he said. “Sugar will go much, much higher over the course of the bull market.”
“Oil could reach between $150 and $200 a barrel,” because known reserves of crude are declining, Rogers said. He said international relations, particularly between the U.S. and Iran, will help guide prices.
“Natural gas is very cheap,” he said in the interview between sessions at an ETF Securities Ltd. investor conference.
Commodities ‘Best Place’
“Commodities are the best place to be, if you ask me, based on supply and demand,” Rogers said. He said he hasn’t invested in equities outside of China in two years.
“Everything has gone through the roof,” Rogers said of equities prices, adding that he may consider buying stocks “if something collapses.”
Click here to read the complete Bloomberg article
China’s Sinohydro to build hydroelectric project in Ecuador
Posted in -- C.S.A. -- Perspectives & Analysis by Benito, and Ecuador, China, China, Commodities, Ecuador, Energy, Finance / Investments, Industry Headlines, Latam, Renewable, Sino-Latin American Relations, South America, South-South Cooperation, tagged China, coca-codo-sinclair, Ecuador, energy, export-import bank of china, foreign investment, hydroelectric power, hydroelectric project in ecuador, quito, Rafael Correa, renewable energy, sinohydro, sinohydro corporation, 厄瓜多尔, 水力电气的, 中国, 中国-厄瓜多尔 on October 12, 2009| 1 Comment »
Ecuadorian President Rafael Correa signed a contract today with Chinese company Sinohydro Corportation. The company will be in charge of building the Coca-Codo-Sinclair hydroelectric project along Ecuador’s Amazon river.
The project is valued at $2 billion usd and will become Ecuadors largest hydroelectric facility. Once completed, the hydroelectric facility will be capable of meeting 75% of the country’s total power supply, reports Xinhua.
According to this Xinhua article, the Export-Import Bank of China will cover 85 percent of the project’s total cost, with the remaining 15 percent covered by the Ecuadorian government.
President Correa said that “the launching of this project would be a historical event as it represents one of the biggest foreign investments in Ecuador and will create about 4,000 direct jobs and 15,000 indirect jobs in Ecuador.”
Welcome to China South America @ World Press
Posted in -- C.S.A. -- Perspectives & Analysis by Benito, tagged bennett reiss, China, china south america, chinasouthamerica, Commodities, csa, iberico, Microfinance, Peru, sino-latin relations on October 11, 2009| Leave a Comment »
Welcome to the CSA of WorldPress. I apologize if you are a first time reader and you happen to stumble upon some posts which have yet to be scanned for mistakes which may have occured when transferring the content of this blog.
Categories are still be updated / organized so that they reflect the tags, previously found on the previous host of CSA.
South America; Energy Newswire
Posted in Brazil, Colombia, Crude Oil, Ecuador, Energy, Natural Gas, South-South Cooperation, Venezuela, tagged Brazil, Chevron, Colombia, Ecuador, guayaquil, magdalena, natural gas, oil laws, PDVSA, Petroecuador, petroleum, petrolifera, sierra nevada, Venezuela on October 11, 2009| Leave a Comment »
[Venezuela & Ecuador]— Venezuela, Ecuador Exploring for Gas in Gulf of Guayaquil
Venezuela and Ecuador’s state energy firms said Wednesday that exploration is under way at a test well in Ecuador’s Gulf of Guayaquil, with expectations of finding up to 1.3 trillion cubic feet of natural gas.
The two firms, Petroecuador and Petroleos de Venezuela, or PdVSA, announced their plans a year ago to drill for gas in the gulf’s 300,000-hectare block 4.
[Colombia] — Petrolifera Executes Onshore Colombian License Contract with ANH
Petrolifera has executed the Magdalena exploration contract with the Agencia Nacional de Hidrocarburos (“ANH”) for the conversion of the Sierra Nevada II TEA into the Magdalena License, covering lands adjacent to the company’s Sierra Nevada License in the Lower Magdalena Valley, onshore Colombia. The Magdalena License comprises approximately 595,000 acres that is considered to be mainly prospective for natural gas and natural gas liquids. The minimum work commitment associated with the Magdalena License for the initial 15 month phase is primarily 150km2 of 3D seismic. As required by ANH, Petrolifera has established and funded a US $4.1MM trust, which in effect funds the assigned value of the initial work commitment of the License.
[Brazil] — Chevron: New Oil Law Reduces Opportunities in Brazil
Changes to Brazil’s oil laws don’t allow much space for international oil companies to take part in recent offshore oil finds, the vice president for global upstream and gas at U.S. oil major Chevron Corp. said Wednesday.
In September, Brazil’s government proposed changes to the country’s regulatory framework, giving the government a greater stake in the discoveries and state-run energy giant Petrobras the lead role in development.