The Newsletter 62 Winter 2012

The dragon's oil politics in Latin America

Sun Hongbo

The China-Latin American relationship has numerous strategic implications in the current international political and economic power transformation, whereby the world’s economic centre of gravity is gradually shifting towards the emerging economies. Particularly, the energy-related ties between China and Latin America have gone through great developments within the oil and gas intra-industry collaborations, including crude oil trade, investments, loans-for-oil, technical equipment purchases, mergers and acquisitions, etc. Without a doubt, the Sino-Latin American energy cooperation is a significant aspect of the emerging new energy order currently witnessed in the Western Hemisphere.

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