China sees the future of the Falklands

Discussion in 'Current Affairs, News and Analysis' started by old_bloke, Mar 15, 2010.

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  1. China National Offshore Oil Corporation (CNOOC) is paying $3.1bn (£2bn) for a 50% stake in Argentine oil and gas group Bridas Corporation. CNOOC president Yang Hua said Bridas was "a very good beachhead for us to enter Latin America".
    Bridas has proven oil reserves of 636 million barrels, with production activities across Argentina, Bolivia and Chile.
    China's demand for oil is continuing to surge as its economy grows strongly.
    "The deal is attractive for CNOOC in the sense that it's going to be strongly accretive in terms of reserves and adds to production in the near term," according to Neil Beveridge, senior oil analyst, Sanford Bernstein.
    The International Energy Agency (IEA) recently said that China's demand for oil jumped 28% in January compared with the same month a year ago, growth the IEA described as "astonishing".
    Bridas holds a 40% stake in oil business Pan American Energy, which is 60% owned by UK group BP.
    CNOOC, China's biggest offshore oil explorer, hopes to complete its purchase of a 50% stake in Bridas by the middle of this year.
  2. Argentina may mean 'Falklands' to us, but not to everybody. The places the Chinese are looking for their oil are North of Argentina - Brazil and Venezuela, particularly - not East.

    Forward thinking they may be, but stupid they are not. They don't send billions developing industrial infrastructure just on the offchance they'll need it and I doubt they seriously think Argentina will ever be able to exert their claim.

    The Falklands simply aren't a fat enough rabbit.
  3. There has been more exploration on off the coast of Brazil, Argentina etc over the past few years than has ever been done around the Falklands, so there is enough for everyone down there
  4. Well, well, well!
  5. So support to Argentina from China, then Naval/military support.....................etc etc :)
  6. Mr_Fingerz

    Mr_Fingerz LE Book Reviewer

    Hell of a supply chain.
  7. The first Chinese Atlantic Fleet base?.

    The Chinese are currently establishing their Indian Ocean Fleet with bases in Burma and Sri Lanka.

    Chinese military spending was increased by 7.5% recently.In the preceeding years this has increased by at least 15% per annum since the early ninties.
  8. And even the most tinfoil-hatted extravagances still put their defence spending at a tiny fraction of the official US defence budget. Most of their cost increases over the past decade have been manpower and infrastructure to support the change to an all-professional model.

    Inflation in China is currently running at around 3.5% and as we all know, defence inflation is usually higher. 7.5% is a sign from the leadership that their military are going to have to take the pain too. Next year probably won't be too different, but 2012 will be worth watching.
  9. For God's sake Carrots, this is a thread with "Falklands" in the title*. Stop injecting common sense, logic and reason, please.

    *Despite the original story not mentioning the FI at all.
  10. When comparing China's spending to that of the Americans,you need to recognise the fact that the US probably pay their troops as much in a day as the Chinese forces would earn in a month.

    $ 80 Bn(the latest quoted Chinese "defence" annual budget) goes a long way when the daily pay of your (enlisted at least)forces is highly likely to be less than $10 per day.
  11. Previously, 200 Yuan a month for an enlisted soldier rising to 3,000Yuan for a Senior Colonel: now, 400Yuan/month for the private and 4000 for the Colonel.

    While we're recognising facts, we need to also recognise that the PLA (including PLAAF, PLAN and PAP) have a Hell of a lot greater numbers, so $80bn isn't that much when it includes better salaries, better pensions, better barracks and training facilities, better uniforms and personal equipment as well as paying off surplus officers and senior ranks.

    The PLA also has a lot more military-related responsibilities than western armies, such as veterans' welfare, PLA Universities (like West Point, only they take in civvies too) and a bigger CCRF role than western armies - large chunks of its budget is specifically set aside for these. Internal security responsibilities for the PAP have also increased after the recent Armed Police Act gave them primacy over local police forces, thereby requiring them to be present to oversee public order situations.
  12. Ummmm... not quite. The Chinese already have a naval training agreement with the Brazilians and the 'String of Pearls' theory (which also includes Pakistan and potentially somewhere in the Gulf of Aden) is a mixture of facilities, such as radar/comms facilities and bunkering stops, rather than fleet basing.
  13. China has it's work cut out dominating the Exotic Orient and it's doing nicely.
    There is no way they are going global or Sarf Atlantic.
    Business deals Yes, trainers and advisers Yes but Troops/Ships er No Sorry.
  14. Jon,

    They already ARE going global! Increasing amounts of overseas deployments, ranging from constabulary to showing the flag, in order to improve their blue water capability. Do they have an expeditionary force? No, not at the moment (although it is coming). Do they have a blue water capability? Yes, very much so.
  15. Yes I know that China is building ports in the Indian Ocean region but South Atlantic.
    Blue water capability, uh, well lets say they have pushed a 'Frigate' and support vessels out to Somalia, but no way are we going to see Von Spee at Coronel or off the Falklands.