The Moscow Times reports that TNK-BP intends to invest $1.3 billion in upgrading refineries in Russia and Ukraine over the next five years.  Transneft has announced that second-quarter net income advanced 71% from the same period last year.  Total has reportedly received approval from a Russian regulator to purchase a 49% stake in the operator of a gas condensate field in northwest Russia.  China Petrochemical Corporation may help Rosneft fund a Russian refinery in the Far East.  Rosneft is apparently looking for licenses to more than 30 oil and gas deposits in the Arctic offshore area.  Kaisun Energy Group has announced it will buy out a Russian oilfield company, Nobel Holdings Investments, invested in by China Investment Corp.  Kaisun's share prices rose to a record high following the announcement.  Developing oil in Iraq will ...

Every country needs a few basic ingredients in order to achieve healthy, sustained economic growth.

Reliable sources of energy. A modern, efficient infrastructure, consisting of a good road and rail system, reliable power grids and high-speed digital communications networks.

And if a country wants to be considered a “global economic powerhouse,” it’s nearly impossible for it to do so without these critical building blocks.

So it’s not too surprising that China is spending unprecedented amounts of money to beef up its infrastructure.

It’s also spending huge amounts of money on long-term oil and gas contracts. And with nearly $2 trillion on hand, it’s the perfect time for China to go on an energy acquisition spree.

Right now, it’s spending like a thirsty sailor on shore leave…

You see, despite the recent pullback in the Chinese stock market, the country is still on an economic roll that will continue for the next 50 years.

...

China’s Energy Acquisition: Three Ways To Invest In China

by David Fessler, Advisory Panelist

Every country needs a few basic ingredients in order to achieve healthy, sustained economic growth.

Reliable sources of energy. A modern, efficient infrastructure, consisting of a good road and rail system, reliable power grids and high-speed digital communications networks.

And if a country wants to be considered a “global economic powerhouse,” it’s nearly impossible for it to do so without these critical building blocks.

So it’s not too surprising that China is spending unprecedented amounts of money to beef up its infrastructure.

It’s also spending huge amounts of money on long-term oil and gas contracts. And with nearly $2 trillion on hand, it’s the perfect time for China to go on an energy acquisition spree.

Right now, it’s spending like a thirsty sailor on shore leave…

You see, despite the recent

...

Highlights include Petroleo Brasileiro SA (PBR), China Petroleum & Chemical Corp. (SNP), Vale (RIO), Cosan Limited (CZZ) and Gerdau SA (GGB).China Continues to Pursue Long-Term Investments in CommoditiesYesterday, leading Japanese business newspaper Nikkei informed that China is considering a plan to use part of its US$2 trillion reserves to buy oil reserves and diversify its international investments, reducing the exposure to U.S. bonds. Currently 2/3 of the Chinese reserves are denominated in U.S. dollars.If this plan is approved, we foresee two direct consequences: (i) Oil prices should recover, leading the way to other commodity price increases, and (ii) the U.S. dollar should fall against international currencies like the Yen and the Euro, a development that would also be positive for commodities prices in general, since they are all negotiated in U.S. dollars -- thus a lower dollar would ...

Last week, Petrobras (PBR) announced it has signed two Memorandums of Understanding with Chinese institutions and an export oil contract with UNIPEC Asia Co. Ltd. -- a subsidiary of China Petrochemical Corporation, or SINOPEC (SNP) -- to export around 100 thousand barrels of oil per day. The Memorandum between China Development Bank Corporation, SINOPEC and Petrobras presents has the followings details : Credit supply to Petrobras, including the option to off-set the debt with the export of oil, as per Chinese institution option and in a volume to be defined in the future; Increase the oil export of Petrobras to China; Partnerships between Petrobras and Chinese companies to develop projects in several oil industry segments; Supply of service, material and equipment by Chinese companies to Petrobras; and Promoting contacts between Chinese and Brazilian companies for the purpose of creating joint ventures.The amount of the deal is estimated ...