From UPI via Phantom Report
''China is expanding its energy footprint in Latin America in a
two-pronged strategy to secure its economy’s fuel needs and create a
niche for future trade in the southern region.
China’s latest foray into equity investment is a 10 percent share of
offshore Brazilian oil and gas reserves awaiting development as part of a
multibillion-dollar program.
Brazil has been choosing equity partners with an eye on deeper
collaboration that opens business opportunities for its own commodities
and manufactures and China offers fits the bill perfectly — for now.''
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