China Strikes Energy Deals as Its Clout Grows in Middle East
SINGAPORE—For years, China has bought oil and gas from the Middle East. Now, Chinese companies are making big investments in parts of the energy infrastructure.
The deals are allowing Beijing to diversify its energy supplies and gain strategic leverage as it becomes a bigger power broker in the region, while giving its companies access to technical expertise in areas of the industry long dominated by Western companies.
SINGAPORE—For years, China has bought oil and gas from the Middle East. Now, Chinese companies are making big investments in parts of the energy infrastructure.
The deals are allowing Beijing to diversify its energy supplies and gain strategic leverage as it becomes a bigger power broker in the region, while giving its companies access to technical expertise in areas of the industry long dominated by Western companies.
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