Oil at $50 a barrel is a “gift to the world” as prices should be low enough to spur economic growth, explained Ali Al Mansoori head of Abu Dhabi’s Department of Economic Development
State-funded China General Nuclear Power Corporation has reached an agreement with France's EDF Energy to collaborate on new nuclear power plants, the BBCreported.
The Kaleta Hydropower Station, the largest cooperative project between China and the Republic of Guinea, has gone into operation after three years of construction.
Asian imports of Iranian oil in August rose by 10% from a year ago, said Press TV, adding that China accounted for the lion’s share of this increase of more than 1 m b/d of crude.
Mauritania, one of Africa’s poorest countries and newest oil producer, looks forward to developing its economic relations and partnership with China, a major world economic power.