China's Sinpoec signs Egypt oil deal

Aug 29, 2013 | Posted by: roboblogger | Full story: BBC News

China Petrochemical Corporation, also known as Sinopec, has agreed to buy a 33% stake in the Egyptian oil and gas business of US firm Apache Corporation.

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1 - 2 of 2 Comments Last updated May 19, 2014
Emmanuel Kevin Kayitale

Regina, Canada

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#1
Aug 31, 2013
 
I see Chinese firms being strategic in their long term plans give the fact that China is the world's second-largest economy. Its rapid growth in recent years has seen a surge in demand for energy sources
Tumwine Geoffrey Norman

Kampala, Uganda

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#2
May 19, 2014
 
China's dominance in most countries especially in developing countries in the near future will be so vast since it does not interfere with internal politics of host countries.However , this breeds dictatorships in these countries and lack of equitable distribution of returns from the natural resources.

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