China hopes to enhance understanding with the United States in
energy exploitation, said a senior official with the National
Development and Reform Commission (NDRC) on Wednesday.
Responding to criticism by the United States of China's
exploitation of petroleum in Africa, in particular Sudan, Zhang
Yuqing, deputy director of the Energy Bureau of the NDRC, said
cooperation with African countries in energy resources is mutually
beneficial.
Speaking ahead of the Forum on China-Africa Cooperation (FOCAC),
Zhang said, "If we aren't allowed to go to this place or that
place, then where should we go?"
He said that Chinese companies wanted to cooperate with American
companies in the United States but the state-owned China National
Offshore Oil Company (CNOOC) Ltd. was forced to withdraw a bid for
major US oil company Unocal after strong opposition from the United
States.
China has always opened its door to other countries and many US
companies have invested in energy in China, which accounts for more
than 60 percent of the overall foreign investment in this field,
Zhang said.
He said China and the United States should enhance communication
and understanding, and contribute to the development of the oil
industry.
China imported 38.34 million tons of crude oil from Africa in
2005, accounting for 30 percent of its oil imports.
By the end of 2005, China had invested in 27 major oil and
natural gas projects in 14 African countries, including Sudan,
Algeria, Angola and Nigeria.
Official figures show that the country imported 126.82 million
tons of crude oil in 2005.
Four African countries, namely, Angola, Sudan, Congo and
Equatorial Guinea, were among the top 10 oil exporters to China in
2005.
FOCAC is a mechanism for collective dialogue and cooperation
jointly established by China and Africa to cope with new challenges
and facilitate common development.
Since the launch of the FOCAC in 2000, two ministerial
conferences have been held in Beijing and Addis Ababa.
(Xinhua News Agency October 19, 2006)
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