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November 29, 2015

Nicaragua Canal still not happening

Leon_maurer Commentator Marc points out that HKND has now announced that it will postpone serious work on the Canal Rojo for another year. I have been saying for a while that this project is not going to happen unless the Chinese government makes a big and hard-to-hide financial commitment to the project. Right now, with China flirting with recession, such commitment seems further away than ever. 

Posted at 02:51 PM in China, Nicaragua |

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What's the status of the Monkey Point Oil Pipeline project? And, interested to know if Phenix Energy Group is the company being used for the project.

Posted by: John Lamolli | March 01, 2016 at 10:53 AM

To my knowledge, everything is on hold. In September, the Nicaraguan government asked the Taiwanese to look into building a port at Bluefields, instead of Monkey Point. That was Ortega's way of telling HKND that the deal was still on after his July warning. http://noelmaurer.typepad.com/aab/2015/07/ortega-agonistes.html

Phenix seems slightly shady from here, but I couldn't really tell you.

Posted by: Noel Maurer | March 01, 2016 at 11:18 AM

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