South America’s largest oil producer is to become a member of a broader coalition formed by the Organization of Petroleum Exporting Countries.
Lusofonia
The southern African nation seeks investors for its energy transition at the world’s largest climate change summit.
Bilateral relations remain strong despite the expected 20 percent drop in trade, which sits at just US$18.9 billion for the year so far.
Latin America’s largest car market is spending more on Chinese autos than ever before, with Chinese brands accounting for over 50 percent of EVs sold.
The 628-million-carat mine is the southern African nation’s largest diamond mine to date and has an initial annual processing capacity of 4 million metric tons of ore.
Beijing wants to move beyond investments in traditional sectors and is looking at opportunities in emerging sectors such as green energy and telecommunications.
Portugal’s omission from the list will come as a blow to those seeking to strengthen ties between China and the lusophone world.
Authorities hope their presentation to UNESCO next February will net the coveted designation for the islands.
The country’s oil and gas secretary, José Barroso, praised the bidding as ‘another safe step in the process of exploration and production of hydrocarbons.’