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China-based GAC to debut new SUV, hybrid crossover and EV at Detroit show; planning NA market entry in 2018

Green Car Congress

GAC is the only Chinese automaker to exhibit at the 2017 NAIAS and is also the first Chinese automaker to present on the main show floor. GAC Motor made its world premiere at the 2015 NAIAS with the debut of the now best-selling GS4.

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Global study shows uneven urbanization among large cities in the last two decades

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New Delhi in India, Cairo in Egypt, Lagos in Nigeria). Pearl River Delta (PRD) and Beijing in China, São Paulo in Brazil). 127 cities (15.1%) from lower-middle-income countries (e.g. 21 cities (2.5%) from low-income countries (e.g. Kathmandu in Nepal, Dar es Salaam in Tanzania).

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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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Chinese capacity is scheduled to increase significantly this year because of the start of at least two new refinery projects and a major refinery expansion. The 650,000 b/d Dangote Industries refinery in Lagos, Nigeria, set to be the largest in the country when completed, may come online in late 2022 or 2023.

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Saudis Expand Price War Downstream

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On the other hand, it won’t be easy for Saudi Arabia—Chinese refiners are also producing more gasoline, for which demand is still strong. Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. However, one cannot easily neglect the Indian and Chinese refiners.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Novatek and its partners Total and Chinese National Petroleum Company still lack $15 billion of the $27 billion needed to finance the Yamal LNG plant. naval power, the Chinese, for example, prefer pipeline natural gas supplies over seaborne LNG supplies. This could lead the Europeans and Chinese to search for other suppliers.

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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As we have pointed out, RBC Capital’s fragile five , Algeria, Libya, Nigeria, Iraq and Venezuela, the pain is intense. Canada, Mexico (foreign investment), and also Russia (Chinese investment), that will have the financial wherewithal to grow output to satisfy the 18 million barrel per day increase in demand that OPEC sees by 2040.