Saturday, July 25, 2015

“Water pipes outside the port of Manta, an area where...



“Water pipes outside the port of Manta, an area where #Ecuador wants a Chinese oil company to build a giant refinery. From Cameroon to Canada, energy projects have been a significant portion of China’s $630 billion of overseas investments in the last decade. Confident that #China will support the project, Ecuador has been moving aggressively on the refinery project. But the Chinese banks have not officially agreed to finance $7 billion of the project, which is expected to cost about $10 billion total. The prospects now look hazy. This #nytweekender, we’re sharing photos by @ivankphoto for our series, #thechinafactor.” By nytimes on Instagram.



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