February 9, 2012

Expanding China-Africa Oil Ties

Alessi & Hanson, Council on Foreign Relations


AP

As global demand for energy continues to rise, major players like the United States, the European Union, and Japan are facing a new competitor in the race to secure long-term energy supplies: China. The economic powerhouse has increasingly focused on securing the resources needed to sustain its rapid growth, locking down sources of oil and other necessary raw materials across the globe. As part of this effort, China has turned to Africa. Through significant investment in a continent known for its political and social risks, China has helped many African countries develop their nascent oil sectors while benefiting from that oil through advantageous trade deals. . .

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TAGGED: Economy, Global Oil Market, Foreign Oil, Oil, Africa, China, Council On Foreign Relations

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