Still better than Trump’s pivot towards Apartheid.
China and Africa
- Thread starter solarz
- Start date
Still better than Trump’s pivot towards Apartheid.
Niger's new military junta takes steps towards nationalizing CNPC's giant investment in the country's oil sector.
CNPC has been working in Niger for over 20 years. It is responsible for the discovery of the bulk of Niger's reserves. On top of that, a ~2000 km long pipeline was built from Niger to Benin for export using Chinese investment. It could have been a major source of earning for next 20 years.
CNPC has been working in Niger for over 20 years. It is responsible for the discovery of the bulk of Niger's reserves. On top of that, a ~2000 km long pipeline was built from Niger to Benin for export using Chinese investment. It could have been a major source of earning for next 20 years.
Last edited:
Whether it's just a shakedown to negotiate for better terms, or full scale usurpation, we don't yet know. If the latter, the scale is more or less Cuba tier. We are talking double digit billion $$$ investment, massive facilities (exploration, wells, pipelines, refinery). Essentially a turnkey petroleum industry with all the ingredients paid for by China (majority stake). Niger will take it for free.