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Vol 3 (AAC) No 7

Published 1st May 2010

Asian solutions for Africa’s refinery problems

With limited domestic markets and poor infrastructure, the building of African refineries by Asian countries is often interpreted as cementing political ties rather than economic ones. China’s Sinopec balked at the building of a US$8 billion Angolan refinery at Lobito, sending a chill through Luanda-Beijing relations and opening the door for India to show its willingness to finance the project this year.

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