HOME » Central & South America

China’s outward investment faces pitfalls

coord-sx — Thu, 15 Jul 2010 13:30:29 +0000

Costa Rica’s refusal, last month, of visas to Chinese laborers may be the newest obstacle to China’s global ambition. The story is not complex. Chinafecc Central America SA, a Chinese construction company under ... Read More

Ecuador, China sign cooperation agreement

coord-sx — Thu, 15 Jul 2010 13:28:47 +0000

Ecuador and China have signed an agreement of cooperation with a potential investment of US$ 1 billion, the Ecuadorian presidential office said on Wednesday. The agreement was signed by Ecuador’s National Secretary ... Read More

China, Argentina sign $10 billion railway deals

coord-sx — Wed, 14 Jul 2010 13:24:05 +0000

China and Argentina signed railway deals totaling $10 billion on Tuesday, amid efforts by Beijing to forge stronger commercial ties with Latin America. Twelve agreements were reached between the two countries during ... Read More

CNOOC looking to Latin America for oil, gas

admin — Wed, 14 Jul 2010 06:29:26 +0000

The China National Offshore Oil Corporation (CNOOC) is eyeing Argentina and other Latin American countries for oil and gas development. CNOOC will facilitate this through a joint venture set up in March this year with ... Read More

AVIC bags big deal in Venezuela

coord-sx — Tue, 13 Jul 2010 13:15:30 +0000

AVIC (Aviation Industry of China) International Holding Corp has bagged a big overseas contract in Venezuela, sources familiar with the matter said on Monday. The import and export subsidiary of aerospace conglomerate ... Read More

Brazil’s Petrobras announces oil discovery off Angolan coast

admin — Tue, 13 Jul 2010 06:26:25 +0000

Brazil’s state-controlled energy giant Petrobras announced Monday an oil discovery in Angolan waters. According to the company, the discovery was made in well Cabaca South East-1, located in the 15/06 Block, some 100 ... Read More

L. America has growing interest in tightening ties with China, ECLAC official says

coord-sx — Sun, 20 Jun 2010 23:17:23 +0000

The interest that exists in the Latin American region to deepen cooperation with China is absolutely growing, said Osvaldo Kasef, director of Economic Development of the Economic Commission for Latin America and the ... Read More

China, Brazil signs oil deal

coord-sx — Wed, 26 May 2010 15:01:07 +0000

China Petroleum and Chemical Corporation (Sinopec) will import crude oil from Petroleo Brasileiro (Petrobras) with loans provided by China Development Bank (CDB) for 10 years in exchange for 10 billion U.S. dollars, ... Read More

Sinochem Buys Brazilian Offshore Oil Field

coord-sx — Tue, 25 May 2010 01:18:28 +0000

China’s Sinochem Corp. announced on May 22 that it has agreed to buy the Norwegian oil and gas producer Statoil’s 40 percent stake in Brazilian offshore oil field, Peregrino. Sinochem will pay US$ 3.07 billion ... Read More

Sinochem pays 40% for Brazil oil project

coord-sx — Mon, 24 May 2010 14:08:34 +0000

SINOCHEM Group said at the weekend it will pay US$3.07 billion for 40 percent of an oil field offshore Brazil. Norway-based Statoil ASA will own 60 percent of the Peregrino field, 85 kilometers offshore Brazil in the ... Read More