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This article compares US and Chinese incentives in winning oil contracts in African countries. Exploration and development of African oil resources has soared, and many nations are competing for these new oil contracts. China has won a significant portion of these oil contracts due to their unique incentive offerings. This report will address a brief history and the development of Sino–African policies and interests, modern US–African energy policy and interests, petroleum opportunities in Africa, China’s growing oil demand, and information on both American and Chinese incentives strategies. This information will be used to compare US and Chinese incentive strategies on winning African oil contracts. Implications...
This article compares US and Chinese incentives in winning oil contracts in African countries. Exploration and development of African oil resources has soared, and many nations are competing for these new oil contracts. China has won a significant portion of these oil contracts due to their unique incentive offerings. This report will address a brief history and the development of Sino–African policies and interests, modern US–African energy policy and interests, petroleum opportunities in Africa, China’s growing oil demand, and information on both American and Chinese incentives strategies. This information will be used to compare US and Chinese incentive strategies on winning African oil contracts. Implications...
The composition of the revenue of a wind generation company (WGENCO) under two different European markets is estimated in this paper. The two markets under consideration (British and Spanish) have a very different structure; the Spanish market is a pool-based system while the British market encourages bilateral trading. These markets have also different ways to provide incentives to wind farms, and deal with the trading imbalances to which they are particularly susceptible given the variability of the resource. All these conditions are explained and accounted for in our study of a hypothetical WGENCO that can participate in the two markets. Real wind profiles, two wind-speed forecasting tools and market rules and...