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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (55604)	9/29/2009 2:06:27 PM
From: elmatador	Read Replies (1) \| Respond to of 217862

"The Chinese have money burning a hole in their pockets and there have been suggestions that various senior Chinese officials have been sacked for not making more rapid progress in acquiring international oil and gas assets, a U.K broker said in note Friday. But people familiar with the situation in Luanda said the decision was tied to some disappointment over the relationship with China. "There are problems with the quality of their road works and with the unions. They don't involve locals" and instead bring workers from China, the person said. Eurasia Group said "there has been mounting frustration in Luanda over Chinese business practices." The consultancy said that included "oil-backed loans that have locked in lower-than-market prices and Sinopec's controversial decision to walk away from the Lobito refinery, a major priority of the (Angolan) administration." Message 25979558