Aside from cost, the major problem for oil importing countries is getting the purchases safely home. Essentially, there are only two options – pipelines and maritime transport.
Both are vulnerable to attack and this is increasingly preoccupying Chinese leaders, especially as, according to China’s Ministry of Industry and Information Technology, China's dependence on imported oil rose to 55.2 percent for the first five months of 2011, surging to 9.61 million barrels per day.
What to do to secure uninterrupted supplies of ‘black gold?”
Negotiate.
In a development with significant implications for the Pentagon’s professed “full spectrum dominance,” (i.e., quash all military opposition) the Hindustan Times reported that Beijing is cautiously sounding out India about the possibility of joint naval patrols in the Indian Ocean to safeguard tanker traffic. Full article at: Joint Chinese-Indian Oil Tanker Patrols Possible?
There were talk of a chinese pipe line across the middle-east through western china a while back. I think through Kazakhstan not sure how it turned out tho. Can anyone shed some light on this?
Modi molestiae et non veritatis a sint eius. Voluptas eligendi deserunt hic ducimus necessitatibus error omnis et.
Ut officia qui non soluta sed veniam ullam aut. Nemo delectus minima autem fugit excepturi. Laborum sit error debitis nostrum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...