China In the North Sea
China In the North Sea
The Brits are acting jittery over Chinese influence. British PM Theresa May is said to have put the Hinkley Point C Nuclear Plant on pause because of concerns that China, which will be a major investor in the project, would gain too much control over UK infrastructure. This morning comes a spate of articles, mostly in the British press, about Chinese ownership of North Sea oil drilling companies. As Business Insider puts it, "China has taken over Scotland's oil production and now controls two of the North Sea’s biggest oilfields."
http://www.businessinsider.com/chinas-cnooc-largest-oil-operator-in-scotlands-north-sea-2016-8
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