This is a development that both Washington and Beijing are watching closely, especially as they seek to consolidate their positions in the Americas within the context of an intensifying global rivalry ...

The move comes amid ongoing challenges for the East African Crude Oil Pipeline (Eacop), which has seen more than $500m (Shs1.8 trillion) injected by shareholders following delays in debt financing.

Expansion of Adnoc’s Lower Zakum and Upper Zakum oilfields is crucial to its plans to boost emirate’s oil production capacity ...