Hongbo, Sun
January 2014
Problemas del Desarrollo. Revista Latinoamericana de Economía;ene-mar2014, Vol. 45 Issue 176, p9
Academic Journal
Relations between China and Latin America have had strategic implications for the current transition of international political and economic power. Specifically, their energy ties have experienced significant advances in cooperation for the oil and gas industries. Energy cooperation between China and Latin America is determined in large part by ongoing changes in the energy makeup of the Western hemisphere. Chinese oil companies employ different methods of energy cooperation: crude oil trade, investments, loans in exchange for oil, the purchase of technical equipment, mergers and acquisitions, etc. As compared to other countries in Latin America, the China-Venezuela model is notable as a unique example that can explain the dynamics of oil cooperation between two countries from a governmental and corporate perspective.


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