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| 2015 Chinese Argentina Bilateral Investment Accords; [APPROVED] | |
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| Tweet Topic Started: Oct 27 2014, 08:55 AM (74 Views) | |
| Vonar Roberts | Oct 27 2014, 08:55 AM Post #1 |
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2015 Chinese-Argentina Bilateral Investment Accords Preamble: Seeking to deepen economic cooperation and bilateral trade the People's Republic of China and the Argentine Republic have agreed to the 2015 Chinese-Argentina Bilateral Investment Accords Article 1: The People's Republic of China and the Argentine Republic agree to a 3-year $3.5 Billion USD currency swap deal to bolster bilateral trade. Article 2: China Petroleum & Chemical Corporation also known as Sinopec Limited will enter into a 50/50 joint venture with Yacimientos Petrolíferos Fiscales YPF to jointly develop the Vaca Muerta shale reserve. This $4 Billion USD joint venture will be 50/50 owned by both companies, and will seek to establish a initial production rate of 300,000 bbls of shale oil by 2020. Article 3: The same consortium will handle the construction and operation of the 708 km $1.3 Billion USD pipeline which will stretch from the Vaca Muerta Shale Oil sands to the port of Bahia Blanca where a 600,000 bbl / day $800 Million USD crude oil export terminal will be constructed. Article 4: The People's Bank of China will provide favorable financing to the Yacimientos Petrolíferos Fiscales YPF at a fixed 1% interest rate for covering the costs of YPF's side of the project(s). |
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| okane91 | Oct 28 2014, 05:23 AM Post #2 |
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Signed, Hector Timerman, Argentine Foreign Minister xxxxxxx xxxxxxxx |
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| Vonar Roberts | Oct 28 2014, 05:04 PM Post #3 |
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Signed on behalf of the People's Republic of China Xi Jinping President of the People's Republic of China |
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| Jos1311 | Oct 29 2014, 09:07 AM Post #4 |
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Head Admin
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APPROVED Argentina: Domestic popularity: +1.50% Domestic popularity: -0.50% GDP Growth:+0.18% China: Domestic popularity: +1.00% Domestic popularity: -0.50% Funding for loan deducted. Do note that the economic situation in Argentina is extremely dire, and many are concerned that we are willing to provide such low interest on what is considered a very high risk loan. The initial economic effects are meager, however contact me in December 2020 for the first additional results, note that the Chinese shale oil capacities are certainly not on par with the Western capabilities, and that it therefore seems unlikely that 2020 is a reasonable time frame. |
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