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Article

19 Sep 2005

Author:
Antoaneta Bezlova, Inter Press Service

Seeking oil in troubled waters -Amid global shortages and price rises, what China is paying for its imported oil could involve much more than just cash

China's strategy of tapping new oil reserves in some countries, blacklisted by the United States as troublesome, is meeting increasing political resistance from Washington. [refers to China National Petroleum Corporation (CNPC), China National Offshore Oil Corporation (CNOOC), PetroKazakhstan (part of CNPC)]