Eurasia Review on Nostr: China’s Mediation Diplomacy Hits A Roadblock In Africa – Analysis ========== ...
China’s Mediation Diplomacy Hits A Roadblock In Africa – Analysis
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China's Global Security Initiative (GSI) launched in April 2022 marks a shift from non-interference to a global security role; China National Petroleum Corporation (CNPC) completed a 2000-kilometre pipeline from Niger to Benin in early 2024, aiming for 90,000 barrels of oil per day; pipeline opening delayed from 2021 due to pandemic and regional instability; July 2023 military coup in Niger led to ECOWAS sanctions; project costs exceeded US$5 billion; Niger borrowed US$400 million from CNPC at 7% interest; pipeline crucial for Niger's economy and junta survival; Benin normalized oil flows on May 16, 2024; tensions escalated with Niger shutting down pipeline section on June 9, 2024; rebel group Patriotic Liberation Front threatened pipeline security; CNPC suspended operations after July 18, 2024 abduction of employees; daily losses of US$9 million for CNPC and US$1.8 million for Niger; Niger considers rerouting oil exports, but new projects face high risks; China's cautious future investments in West Africa anticipated.
#China #Africa #Diplomacy #Energy #Oil #Niger #Benin #Pipeline #Investment #Security
https://www.eurasiareview.com/22092024-chinas-mediation-diplomacy-hits-a-roadblock-in-africa-analysis/
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China's Global Security Initiative (GSI) launched in April 2022 marks a shift from non-interference to a global security role; China National Petroleum Corporation (CNPC) completed a 2000-kilometre pipeline from Niger to Benin in early 2024, aiming for 90,000 barrels of oil per day; pipeline opening delayed from 2021 due to pandemic and regional instability; July 2023 military coup in Niger led to ECOWAS sanctions; project costs exceeded US$5 billion; Niger borrowed US$400 million from CNPC at 7% interest; pipeline crucial for Niger's economy and junta survival; Benin normalized oil flows on May 16, 2024; tensions escalated with Niger shutting down pipeline section on June 9, 2024; rebel group Patriotic Liberation Front threatened pipeline security; CNPC suspended operations after July 18, 2024 abduction of employees; daily losses of US$9 million for CNPC and US$1.8 million for Niger; Niger considers rerouting oil exports, but new projects face high risks; China's cautious future investments in West Africa anticipated.
#China #Africa #Diplomacy #Energy #Oil #Niger #Benin #Pipeline #Investment #Security
https://www.eurasiareview.com/22092024-chinas-mediation-diplomacy-hits-a-roadblock-in-africa-analysis/