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China encourages energy cos to shop abroad

Posted on 27 March 2009

From Reuters: China will encourage its energy companies to make more forays abroad to ensure the country’s energy security, an even more important strategy than exploration at home, a senior energy official said on Thursday.

“Appropriately obtaining global resources is our inevitable choice and legal right…Winning foreign resources is even more important than stepping up domestic production,” Liu Qi, deputy head of National Energy Administration, told an industry forum…..Full Article: Source


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