By R. Evan Ellis (auth.)
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Extra resources for China on the Ground in Latin America: Challenges for the Chinese and Impacts on the Region
Key Chinese protagonists include not only the “big three” Chinese national oil companies, China National Petroleum Corporation (CNPC), Sinopec, and China National Offshore Oil Corporation (CNOOC), but also petrochemicals firms such as Sinochem, and smaller petrochemicals and petroleum service companies. With ownership or rights to assets in the region, their subsidiaries and contractors, such as the petroleum services companies CPEB Engineering, Kerui, Great Wall Drilling, Jereh, and others, have set up operations across the region to explore and develop those oilfields, and perform other activities.
Based agroindustrial companies to establish storage and processing facilities in the countries and build relationships with local producers to establish secure sources of supply for exports to China. 191 Despite such modest beginnings, the interest by Chinese companies in Chilean agriculture shows signs of expanding. 193 The contrast with significant Chinese investments in the Peruvian fisheries sector is striking, given that the waters off the coast of northern Chile are defined by the same cold, low salinity Hulboldt current as found in Peru, and correspondingly have the same general types and quantities of fish as those off the Peruvian coast.
There are reasons to believe, however, that such impediments may evaporate in the not distant future, paving the way for a greatly increased role by Chinese companies in the Colombian agricultural sector. For N AT U R A L R E S OU RC E DE V E L OPM E N T 39 example, several infrastructure projects in various stages of planning or execution, such as those contemplated under the “highways of prosperity” program,175 have the potential to lower transportation costs and times to the interior of the country.