China’s main oil suppliers in Africa and the Center East are bracing for a downturn in costs after Beijing ordered the nation’s largest refiner, Sinopec, to cut back operations. Sinopec will reportedly scale back refining of street and aviation fuels by as much as 10% in response to the slowdown within the Chinese language financial system introduced on by the resurgence of COVID-19. Saudi Arabia is China’s high provider total and Angola is the most important in Africa. (BLOOMBERG)
- Get a every day electronic mail filled with the newest
China-Africa information and evaluation.
- Learn unique insights on the important thing tendencies
shaping China-Africa relations.
- Full entry to the Information Feed that gives every day updates on Chinese language engagement in Africa and all through the International South.
China, Africa and the International South… discover out what’s taking place.
Subscribe in the present day for limitless entry.
The submit Week in Evaluate: Ore, Oil & Oranges appeared first on The China Africa Undertaking.