foreign oil dependence

China and Canada: An Economic Friendship

China and Canada, two very important economic players in the Asia Pacific, are surveying the benefits to come from their relationship.  The Wall Street Journal reports on the Canadian International Trade Minister’s ongoing...

Libyan Strife Exposes China’s Risks In Global Quest For Oil

After the outbreak of violence in Libya, the Chinese government made a big show of evacuating nearly 36000 Chinese nationals working in the country. This Libyan incident may force China to reconsider its strategies for procuring...

China’s Relentless Hunt for Energy

The Wall Street Journal blog looks at new strategies by China’s energy companies to expand their resource base to satisfy the country’s growing taste for oil: Energy consultancy Wood Mackenzie says diesel, gasoline...

Tuesday Map: China’s Oil Empire

Foreign Policy reposts a map created by China’s Economic Observer showing China’s big oil companies’ (CNOOC, CNPC, and Sinopec) interests across the globe. As Foreign Policy points out, Sudan is notable absent...

Iraqi OIl Goes to China

Forbes reports on China’s efforts to secure gas and oil field contracts with Iraq: Chinese oil giants have turned to Africa and other developing countries to explore oil. With 115 billion barrels in proved remaining...

China’s Sinopec Offers $7.22 Billion for Oil Firm

The New York Times reports: The giant Chinese oil company Sinopec has made a $7.22 billion takeover bid for the international oil and gas exploration company Addax Petroleum, the companies announced Wednesday. The takeover would...

China Syndrome: Will Chinese Slowdown Push Oil Down Further?

The Wall Street Journal blog looks at whether or not a economic slowdown, which has been widely predicted for China, will impact global oil prices: China’s economic “slowdown,” with GDP growth of 9% in the third quarter (down...

China to Import 47% of Oil Next Year – the Beijing News

Translated by CDT from the Beijing News: China’s petroleum output this year will exceed 186 million metric tons, or 1.5% more than the previous year, China’s oil and chemical industry association vice president Meng Quansheng (孟全生) said on December 19. He said the country’s oil output next year is expected to top 189 million tons, […]



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