China Selling Oil Equipment to Africa

With China’s ever growing investments in ’s infrastructure and its rising dependence on the continent’s resources, Chinese companies are now entering the African market to sell their oil equipment.

China depends on Africa for roughly one-third of its imported oil.  And, many Chinese companies also see Africa as a lucrative market to sell oil drilling equipment.  Several Chinese firms are attending this year’s oil industry convention, underway in  South Africa.  For VOA, Terry FitzPatrick reports from Cape Town.  

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