HAVANA (AP) — The restoration of diplomatic ties between Cuba and the United States unleashed expectations Thursday of even more momentous changes on an island that often seems frozen in a past of classic cars and crumbling Art Deco buildings.
By Charlie Zhu, David Lague and Fergus Jensen LIMAU, Indonesia (Reuters) - In a muddy clearing in southern Sumatra, a portable diesel power plant hammers away alongside a wellhead, struggling to extract crude from a depleted reservoir that lies below farmland and rubber plantations. It was much easier to extract cash from a state-owned Chinese oil giant. When PetroChina Daqing announced the deal, it didn’t disclose the seller, the price or any other financial details. “We all know it is a ridiculous investment, but I have no idea where the money has actually ended up,” says a senior Chinese oil industry official who has seen budget figures for the Limau wells.