Sep 27 2010
Shanghai-based SinoLatin Capital, the premier investment platform between China and Latin America, co-sponsored the China Petroleum & Chemical International Conference organized by China Petroleum and Chemical Industry Federation and Chemical Week on September 15 – 17.
Representing SinoLatin Capital at the event was Rafael Valdez, one of the firm's Founding Partners who, as only one of two speakers focusing on emerging markets, highlighted China's increasingly important strategic relationship with Latin American oil producing countries. Other speakers from China included Siwei Cheng, Vice Chairman, 10th NPC Standing Committee, Chengzao Jia, President of Chinese Petroleum Society, and Hao Shen, President, Yanchang Petroleum. The program also included Senior Executives of multinational firms with operations in China, including Bayer Group, Evonik, DuPont, Mitsui Chemicals and Chemtura.
"With 20% of the world's population and only 1% of the world's proved reserves, China has no other option but to secure sustainable sources of oil," said Mr. Valdez in his presentation to senior executives from Chinese NOC's and multinational companies. He added that, "Latin America is not only a reliable supplier but a place where Chinese companies are finding some of the world's most promising underdeveloped assets, such as the Pre-Salt Discoveries in Brazil, The Orinoco Belt in Venezuela, Camisea Region in Peru and new basins in Colombia, lower production and development costs, highly capable local management teams and strategic partners, and most importantly, full support and financing from the Chinese Government." With respect to midstream and downstream, he highlighted opportunities in petrochemicals in Mexico.
As a leader in building and forging the China – Latin America economic relationship, SinoLatin Capital has been one of the only firms in the world producing analysis on the different macro and micro economic trends that will underpin the evolution of this relationship.