Highlights
Why World Bank's Doing Business Index is flawed
Carlos Slim: world’s richest man no more
Chinese graduates face toughest job market ever
Hungama: Bollywood by mobile
Chart of the week: who’s afraid of a weaker yen?

Tag: CNPC

Kazakhstan’s Kashagan field: up to China and India to slog it out

May 2, 2013 5:45pm by Isabel Gorst
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Another strand is playing out in the saga over Kazakh oil and gas: the government in Astana has decided against increasing its stake in the enormous Kashagan oil field as ConocoPhillips exits the project.

None of the other international majors involved appear willing to increase their exposure to what is turning out to be the world’s most expensive oil development, ever. That leaves Kazakhstan to play India and China off against each other for access to Kashagan’s vast oil reserves. Continue reading »

Tags: , , , , , Posted in Asia, Kazakhstan |

China’s new captain of industry

Mar 27, 2013 10:29am by Leslie Hook
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China’s state-owned enterprises this week got a new boss. Former oil chief Jiang Jiemin (pictured), who was president and later chairman of CNPC for the past seven years, will be the new head of the State-owned Assets Supervision and Administration Commission (or Sasac for short).

Jiang’s change of sides, from oil chief to top regulator, follows a long line of top oil bosses who have gone on to prominent political roles. With reform of state-owned enterprises being one a top task facing the new government, the chairmanship of Sasac should be an important – and very political – position. Continue reading »

Tags: , , , Posted in China |

Brics: risky businesses

Dec 12, 2012 5:34pm by Avantika Chilkoti
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What price a reputation? Earning a good one takes time. Losing it can take a moment. So some of the biggest companies based in Brazil, Russia, India and China may not be pleased to read a report issued this week by RepRisk, a consultancy that calls itself “the leading provider of business intelligence on environmental, social and governance (ESG) risks”. Continue reading »

Tags: , , , , , , , , Posted in Asia, Brazil, China, Europe, India, LatAm, Russia |

Guest post: China in Afghanistan, a tale of two mines

Dec 4, 2012 4:00am by beyondbrics
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By Raffaello Pantucci

Facing a heavy domestic agenda and growing foreign policy tensions in the seas to the east, it is unlikely that Afghanistan is going to be a major priority for incoming Chinese leader Xi Jinping.

Unfortunately, this does not mean the problems are going away. The contrasting fates of China’s large extractive projects in Afghanistan highlight a number of growing issues for the new administration in Beijing as the 2014 deadline for American withdrawal imposed by President Obama looms ever closer. Continue reading »

Tags: , , , , , Posted in Afghanistan, Asia, China |

Oil wealth no cure for Venezuela’s fiscal woes

Jun 13, 2012 11:45pm by Benedict Mander
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So BP is the latest to recognise officially that Venezuela has the largest proven oil reserves in the world, something that Hugo Chávez has been merrily pointing out for years.

In reality, this has not passed oil companies by – they have been jockeying to get a piece of the action for some time, with the exception of a few (like Exxon Mobil and Conoco Philips) who don’t like Chavez’s way of doing business. Continue reading »

Tags: , , , Posted in LatAm, Venezuela |

South Sudan: a tricky sell in NY

Mar 12, 2012 3:47pm by Barney Jopson
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It’s not easy convincing investors that your brand-new country is worth backing. Last July, Riek Machar, South Sudan’s vice president, was in New York to mark his newly-independent country’s admission to the United Nations. As he did so as the oil wealth that provides 98 per cent of state revenue was flowing fast.

Today that oil flow is frozen due to a dispute with its neighbours in Sudan. So to reduce its vulnerability to such troubles Machar has been back to New York to fire up South Sudan’s search for American investment. But did anyone bite? Continue reading »

Tags: , , , Posted in Africa, South Sudan |

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