China buys more oil in the Middle East than the United States

Publié le par revivall

China is muscling into Iraq's oil sector as Baghdad grapples with defections by international majors like Exxon Mobil and Chevron of the United States and France's Total.

This is part of Beijing's drive to secure oil and natural gas resources in the Middle East and Africa as U.S. influences wanes.

China's clout in Iraq, along with other parts of the Middle East, including Saudi Arabia, is bound to increase as the Americans' diminishes.

Source: upi.com

Publié dans Economie

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