#1 China securing access to Middle East oil
06-22-2008, 06:10 PM
- Join Date
- Aug 2005
Dubai recently announced its partnership with China in the creation of a billion dollar investment fund. Saudi commitment to double oil exports to China by 2010. These two announcements exemplify Chinaís Middle East energy strategy: to entrench itself economically in the region, even at a loss, so as to obtain the political leverage required to secure access to oil and gas. The mandate of the newly created China Dubai Capital fund (CDCF) is to target high-potential investment opportunities in China, which will then be listed on Dubaiís...
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