(EnergyAsia, February 4 2010, Thursday) — The competition between China and Western countries for Africa’s oil and other natural resources is expected to benefit the continent. In Nigeria, the spectre of competition from China and impending legislation that would increase tax and royalty rates to be paid by foreign companies prompted international oil giants to…
CHINA: Competition for oil, natural resources with West to benefit Africa
Posted on February 3, 2010 by EnergyAsia