China muscles in to Africa oil scramble – Pascal Fletcher

Posted by Sophie Beach | Dec 15, 2005

With a booming economy to match its global ambitions, China is elbowing its way in to join the scramble for Africa’s untapped oil riches.

On the same continent where Cold War enemies the United States and the Soviet Union once sparred through proxy regimes and armies, Chinese oil executives now jostle with western counterparts to win exploration, output and supply contracts.

Categories : China & the World,Economy