China's Sinpoec signs Egypt oil deal

China's Sinpoec signs Egypt oil deal

There are 2 comments on the BBC News story from Aug 29, 2013, titled China's Sinpoec signs Egypt oil deal. In it, BBC News reports that:

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.

Join the discussion below, or Read more at BBC News.

Emmanuel Kevin Kayitale

Regina, Canada

#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

#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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