综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Govt backs energy, mining investment in Africa

By Du Juan | China Daily | Updated: 2013-04-11 09:23

The government has reiterated its backing of Chinese companies investing in Africa, particularly in energy and mining industries where jobs can be created and local communities improved.

Zhong Manying, director general of the Department of West Asian and African Affairs of the Ministry of Commerce, said on Wednesday that during the recent visit to the continent by President Xi Jinping, more than 20 economic and trade cooperation agreements were sealed with African countries.

Chinese financial institutions and companies also finalized around 10 commercial contracts, in sectors including agriculture, machinery, power, ports, energy and mining resources.

"In the past, China imported minerals and crude oil directly from Africa - but now we are investing more in downstream mineral processing businesses there, in order to bring more jobs to local people and improve local economies," Zhong said.

According to the China Institute of International Studies, energy exploration technology levels remain relatively low in Africa, and much of the prospecting is still done by foreign companies.

Currently, around 400 foreign oil firms have oil and gas exploration rights in Africa, covering about 80 percent of the available blocks.

"Developed countries have acquired many high-quality oil and gas blocks in Africa, but they do not develop the resources fast enough, and African countries have learned from that," said Zhong.

As a result, African governments are imposing stricter requirements on new energy and mining resource contracts signed with foreign developers.

Wang Wei, a senior researcher at CIIS, said that in Angola, for instance, local laws require foreign contractors to invest at least $35 million in the first three years of any oil and gas exploration contract.

Previous Page 1 2 Next Page

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
三都| 临汾市| 满洲里市| 若羌县| 开江县| 彰化市| 若羌县| 南乐县| 凤城市| 平南县| 呼和浩特市| 满洲里市| 水城县| 股票| 元谋县| 调兵山市| 铁岭县| 容城县| 武功县| 辽宁省| 洛扎县| 平乡县| 金华市| 长宁县| 剑川县| 临夏县| 绥棱县| 高阳县| 新安县| 桐乡市| 周宁县| 盈江县| 玛沁县| 钟山县| 南宁市| 长岭县| 淄博市| 萍乡市| 汾阳市| 三河市| 八宿县|