China is winning the offshore oil game ...News

Russia Today - News
China is winning the offshore oil game
source : Russia Today ( News ) () 64
China’s international presence in the offshore oil sector is quickly growing as its oil majors are willing to invest in places which other companies wouldn’t even consider. The Chinese are easy to work with, plus, Chinese development banks are willing to lend billions to oil-producing countries in Latin America and Africa, and its state-run oil companies are willing to invest in projects others won’t touch with a ten-foot pole.  All of that has led to a massive Chinese footprint offshore, which will eventually translate into formidable geopolitical power, while the West is left behind.   China’s Appetite for Crude A quarter of a centur

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