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Showing posts from February 20, 2019

$11 billion refinery at Gwadar

1. Installation of two re-gassified Liquefied Petroleum Gas (RLNG) plants with an estimated cost of $4 billion                                                      READ MORE:  PM approves draft Pak-Turkey Strategic Economic Framework 2. $10 billion oil refinery 3. $1 billion petrochemical complex 4. $2 billion investment in mineral development sector 5. Pakistan’s annual oil consumption is around 26 million tons READ MORE:  Zardari urges govt to cooperate with Iran over Zahedan attack 6. Out of which 13.5 MT was met through local production of eight existing oil refineries 7. Petrochemical complex would develop POL by-product at the Gwadar city an ultimate destination of China Pakistan Economic Corridor (CPEC) 8. The new refinery would have the capacity to filter 200,000 to 300,000 barrels per day 9. 50 per cent crude oil is imported to meet energy needs READ MORE:  England world cup winner passes away 10. Mega oil city to be constructed on around 80,000 acres land with th

How Belt and Road Is Upending the Beijing Consensus

Geopolitical Monitor OPINION  - February 20, 2019 By  Anthony Kleven Since Joshua Cooper Ramo coined the expression Beijing Consensus (BC) in 2004, it’s been the perfect catch-all term encapsulating China’s remarkable development model, responsible for some of the fastest economic growth rates in modern history. Given Beijing’s runaway financial success over past decades, it’s no wonder that, once Xi Jinping unveiled his Belt and Road Initiative (BRI) in 2013, other developing countries quickly got in line, cap in hand, hoping to obtain some much-needed nous and financial assistance. But recent policy shifts – particularly in the  energy sector  – are revealing that the BC rests on shaky foundations after all. At best, these shifts portray Beijing as a callous global actor. At worst, they could deal a deathblow to Xi Jinping’s leadership—just a year after analysts  estimated  that Xi might remain president for life.   A perilous reliance on coal The major wrench in the works is

CHINA: What is the Greater Bay Area?

SupChina.com There is a new addition to the roster of Communist Party pet projects like the  Belt and Road  and  Xiongan New City , which are part infrastructure build, part economic stimulus, and part political campaign all mixed up with a heavy dose of propaganda. The “Greater Bay Area” is the latest entrant.  What is the hot air all about?  In That’s Guangzhou , Ryan Gandolfo explains: The Greater Bay Area consists of nine Chinese mainland cities (Guangzhou, Shenzhen, Huizhou, Dongguan, Zhuhai, Zhongshan, Jiangmen, Foshan and Zhaoqing) and two special administrative regions (Macau and Hong Kong). This extended area covers 56,000 square kilometers with a combined population of over 70 million… …The plan does not contain many tangible targets, but rather, calls on cities within the area to increase their efforts in the industries they are already invested. It will be up to the workers and innovators of this region to substantially improve in areas such as environmental protection,

In Central Asia’s forbidding highlands, a quiet newcomer: Chinese troops  

Villagers say dozens, maybe hundreds, of Chinese troops have been posted for three years at an outpost near Tajikistan’s border with Afghanistan. (Gerry Shih/The Washington Post) By  Gerry Shih February 18 at 8:09 PM NEAR SHAYMAK, Tajikistan — Two miles above sea level in the inhospitable highlands of Central Asia, there’s a new power watching over an old passage into Afghanistan: China. For at least three years, Chinese troops have quietly monitored this choke point in Tajikistan just beyond China’s western frontier, according to interviews, analysis of satellite images and photographs, and firsthand observations by a Washington Post journalist. While veiled in secrecy, the outpost of about two dozen buildings and lookout towers illustrates how the footprint of Chinese hard power has been expanding alongside the country’s swelling economic reach. Tajikistan — awash in Chinese investment — joins the list of Chinese military sites that includes Djibouti in the strategic Horn of