Crude storages post Ukraine Conflict The Saudi petrochemical conglomerate Aramco has recently made two strategic ventures with its biggest client.Rongsheng is China’s largest integrated refining and chemicals facility and the controlling owner of Zhejiang Petrochemical Corp (ZPC) and a huge manufacturer of polyesters .Aramco will supply ZPC with petrochemical feedstocks of naphtha and paraxylene being
Green Hype in the Desert & Women Empowerment Despite decades of hype and hopes for a move towards green energy fossil fuels account for more then 90 % of transportation of people and goods for trade. The phenomenal growth in shale oil production in Canada and the US continue to shake Middle Eastern and OPEC
Kazakhstan China Extend Collaboration in Logistics Increasing collaboration between Kazakhstan and China is significantly reducing transportation time for goods from China via Kazakhstan rather then using the Black Sea route. Transiting across Kazakhstan will take around 6 days whereas goods enroute to the Black Sea from China will take 14 days. Kazakhstan’s rigorous efforts to
Diplomacy & Dollars The recent embrace between Turkiye (renamed at the UN) and Saudi Arabia culminated in a deposit of $ 5 billion by the Saudi Development Fund with the Central Bank of Turkiye whose net foreign exchange reserves had slumped to less then $ 20 billion this year .No conditions appear to have been
Cutting edge Semiconductor Technology Credit Bloomberg.com The US Congress recently legislated for sanctioning of billions of US dollars in subsidies for the purpose of manufacturing cutting edge semiconductor or chips in the US as an integral component of artificial intelligence (AI) advancement . The US accuses China of illegally pursuing territorial claims in international waters,
China Criticised Much to the chagrin of the United States China has not outrightly criticised Russia's blatant invasion of Ukraine. China maintains that the US and NATO were to blame for provoking Russia to launch aggression against Ukraine. China and the US continue to exchange diplomatic barbs over Taiwan. The US , EU and UK
China enters Aircraft Carrier Manufacturing Arena Courtesy Daily Sabah China possesses an extended air defence coverage and its threat perception lies in the likely commissioning in the year 2023 of a Type 002 carrier outfitted with catapult launch enabling a multi role capability. This effort lends credence to the theory that China is in pursuit
As reported in the South China Post US prosecutors moved for dismissal of bank fraud charges against Meng Wanzhou CFO of China’s Huawei Technologies whose 2018 arrest strained relations between the US and China. Meng struck a deal with the prosecutors for the charges against her to be dismissed. She was her arrested in
