Updated: 5/16/2006; 12:14:49 PM.

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daily link  Friday, December 24, 2004


China Invests Heavily In Sudan's Oil Industry: History of China's involvement in another oppressive regime, for oil.  "Sudan is China's largest overseas oil project. China is Sudan's largest supplier of arms, according to a former Sudan government minister. Chinese-made tanks, fighter planes, bombers, helicopters, machine guns and rocket-propelled grenades have intensified Sudan's two-decade-old north-south civil war. A cease-fire is in effect and a peace agreement is expected to be signed by year-end. But the fighting in Sudan's Darfur region rages on, as government-backed Arab militias push African tribes off their land.

China in October signed a $70 billion oil deal with Iran, and the evolving ties between those two countries could complicate U.S. efforts to isolate Iran diplomatically or pressure it to give up its ambitions for nuclear weapons. China is also pursuing oil in Angola.

In the case of Sudan, Africa's largest country, China is in a lucrative partnership that delivers billions of dollars in investment, oil revenue and weapons -- as well as diplomatic protection -- to a government accused by the United States of genocide in Darfur and cited by human rights groups for systematically massacring civilians and chasing them off ancestral lands to clear oil-producing areas. .. China National Petroleum Corp. owns 40 percent -- the largest single share -- of the Greater Nile Petroleum Operating Co., a consortium that dominates Sudan's oil fields in partnership with the national energy company and firms from Malaysia and India.  ..

"Oil from Sudan makes up one-tenth of all of China's imported oil," said Zhu Weilie, director of Middle East and North African Studies at Shanghai International Studies University, who has links with the Foreign Affairs Ministry. "If we lose this source, how can we find another market to replace it? China has to balance its interests." .. From its seat on the United Nations Security Council, China has been Sudan's chief diplomatic ally..

The pressure to find new sources of oil has grown as China has swelled into the world's second-largest consumer and as production at the largest of its domestic fields is declining. According to government statistics, China's imports have grown from about 6 percent of its oil needs a decade ago to roughly one-third today and are forecast to rise to rise to 60 percent by 2020. .."

  12:22:43 AM  permalink  

 

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Last update: 5/16/2006; 12:14:49 PM.