Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, December 5, 2012

China grabs Mideast oil as U.S. power dips

China grabs Mideast oil as U.S. power dips

Baghdad (UPI) Dec 5, 2012
China is muscling into Iraq's oil sector as Baghdad grapples with defections by international majors like Exxon Mobil and Chevron of the United States and France's Total. This is part of Beijing's drive to secure oil and natural gas resources in the Middle East and Africa as U.S. influences wanes. China's clout in Iraq, along with other parts of the Middle East, including Saudi Ahttp://www.energy-daily.com/reports/China_grabs_Mideast_oil_as_US_power_dips_999.html

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