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A bout 40km west of Monrovia, the capital of Liberia , in Grand Cape Mount county, a massive billboard proudly announces the arrival of the Malaysian palm-oil conglomerate: " Sime Darby , developing sustainable futures". In the middle of a recently cleared plot of land women are sowing palm seeds imported from Malaysia in little plastic packets. This relatively small nursery is one of the first stepping stones in a project that might turn Liberia into a top source of palm oil. Then we'll have to wait three years for the first crop. In August , Sime Darby signed a contract with the Liberian government for a ,hectare concession lasting 63 years.
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Poten: African Sweet Crude Oil Exports Expected to Grow

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Poten: African Sweet Crude Oil Exports Expected to Grow | World Maritime News

Abuja will use the Chinese currency for all economic transactions. After Angola and the "petroyuan", even the biggest African economy chooses China as its main commercial partner. The goal is to facilitate trade between the two countries. Nigeria's choice indicates an already established trend in Africa: at the end of May, fourteen African countries and seventeen central banks gathered in Zimbabwe to adopt the yuan as a currency reserve.
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China, India oil demand remains high, but brokers forecast short-lived rate rebound. This compares to about WS40 at the end of March, when production cuts agreed to by the Organization of the Petroleum Exporting Countries exerted downward pressure on the index. Brokers see the rebound as a result of aggressive exporting from countries like Nigeria, which were not affected by the recent OPEC agreement.
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Download Paper in Chinese here. Download Paper in Portuguese here published January The report provides a comparative study of the impact of Asian companies on the two leading oil producing countries in sub-Saharan Africa, Nigeria and Angola. The report shows that Asian companies that gained a foothold in the Nigerian oil sector in return for their commitments to invest in downstream and infrastructure projects failed to understand the political context of the time. The report considers why, in contrast, the Chinese oil strategy has been so successful in Angola to the detriment of other Asian national oil companies and international oil companies; how Angola emerged as the second largest supplier of oil to China in ; how Chinese oil companies have negotiated deals; and what the benefits are for Angola.

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