Middle East Economic Survey


No 42


Chinas Middle East/North Africa Oil Presence Expands Rapidly

Chinas presence on the Middle East/North Africa energy scene has grown rapidly over the past four years, with a particular surge during the past 12 months or so. Its latest acquisition of assets was in Algeria, where China National Petroleum Corporation (CPNC) and China Petroleum and Chemical Corporation (Sinopec) won three of the eight upstream blocks awarded in the 5th...