Peter S. Goodman: Big Shift in China’s Oil Policy

Ph2005071201711 From The Washington Post:

Until recently, China’s view of the global energy map focused narrowly on the Middle East, which holds roughly two-thirds of the world’s . Special attention was directed toward one well-supplied country: Iraq.

Through cultivation of Saddam Hussein’s government, China sought to develop some of Iraq’s more promising reserves. Beijing advocated lifting the United Nations sanctions that prevented investment in Iraq’s oil patch and limited sales of its production.

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