[2014] China and the Middle East: More Than Oil

China and the Middle East: More Than Oil

While China’s heavy dependence on Middle Eastern oil is an established fact, less is known about China’s early efforts to establish broad energy ties with the Middle East. Back in 1983, before the Chinese economy really took off, the overseas construction arm of China National Petroleum Corporation (CNPC) moved into the Kuwaiti market and later won an oil storage reconstruction project in 1995. Beijing also signed the Strategic Oil Cooperation agreement with Saudi Arabia in 1999, which laid the foundation for Saudi Arabia to become and remain China’s largest oil supplier. In exchange for stable crude supply, China has courted Saudi investment for expanding its refining capacity. One example is China Petroleum and Chemical Corporation’s (SINOPEC) meeting with Saudi Aramco to discuss a stake in a $1.2-billion refinery in the Chinese city of Qingdao. The two sides further joined hands in a $3.5-billion venture in Fujian province that included greater refinery capacity.4

Nothing Delivered: Trump’s ‘Antiwar’ Deception

Nothing Delivered: Trump’s ‘Antiwar’ Deception

With Trump, the people thought they voted for something different, but what they received was more of the same. Like Obama and Bush II, Trump was lying to his base, despicably pretending to be opposed to unnecessary wars in faraway lands. Trump made snide comments about the military industrial complex, etc. while looting the American people to pay for it all. He carried on with his “antiwar” façade while bombing to smithereens the same far flung countries that Bush and Obama nearly destroyed. At the same time, he was starving some of the poorest people in the world, from Venezuela to North Korea, with “maximum pressure” sanctions. He prioritized satiating the Israel first crowd first, and set the stage for brinksmanship with Beijing, as well as Moscow, while ensuring ever higher military budgets.