China, Argentina Team Up To Discuss Upcoming Energy Projects

A global partnership between Argentina and China was strengthened today as leaders from both countries agreed to collaborate on two new nuclear power plants. President Christina Fernandez de Kirchner of Argentina and President Xi Jinping of China signed the nuclear power plant agreement and fourteen other agreements...

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Argentinean President Cristina Fernandez delivers a statement during a signing ceremony with Chinese President Xi Jinping at the Great Hall of the People in Beijing Wednesday, Feb. 4, 2015. (AP Photo/Rolex Dela Pena, Pool)

A global partnership between Argentina and China was strengthened today as leaders from both countries agreed to collaborate on two new nuclear power plants.

President Christina Fernandez de Kirchner of Argentina and President Xi Jinping of China signed the nuclear power plant agreement and fourteen other agreements during Krichner’s trip to China. The other agreements covered topics including information technology, space technology, and energy technology.

An article from The Associated Press reads, “Two nuclear power plants would be built in Argentina with a transfer of technology from China…China also is helping Argentina build infrastructure such as dams and railways. Beijing recently helped Buenos Aires stabilize its peso with a currency swap as Argentina struggles to shore up its foreign reserves.”

This collaboration is one of China’s recent moves to solidify its global influence by strengthening relationships with numerous countries in the region. Specifically, China has recently pledged $250 billion in investments in Latin America.

Additionally, last week Argentinian energy company YPF and Chinese oil and gas company Sinopec partnered up to discuss developing oil and gas projects in Argentina, including shale oil production.

 

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