CHINA ENERGY WATCH:Local Tanker Companies Fetch More Oil

When China’s biggest shipping company and its top refiner hammer out a new oil transport deal, it’s a sign the country is serious about gaining more control over its energy supply chain.

..China seems determined to consolidate its grip on as much of the oil and gas chain as possible, including buying up overseas production assets, strengthening transport links with bigger tanker fleets and networks of pipelines and by building liquefied natural gas terminals and storage tanks.

Yahoo!