China expands oil target list

China has added nine oil and gas producers in North Africa, South America and the Middle East to a list of countries that it wants major Chinese companies to invest in.

Kuwait, Qatar, Oman, Morocco, Libya, Niger, Norway, Ecuador and Bolivia are now on the list, which builds on previous ones issued in 2004 and 2005, the National Development and Reform Commission said on Thursday.
It underlines China’s desire to secure greater access to oil and natural gas supplies to help offset the country’s growing thirst for energy imports.

Fin24