Tue, Oct 17, 2006 - Page 11 News List

CPC in race for Libyan oil

DIVERSIFICATION PLAN Desiring to diminish its reliance on Middle East oil, Taipei shifted its focus to Africa, where it will contend with giants like China for precious crude

BLOOMBERG , TAIPEI

CPC cannot afford to be discouraged by China's political power and financial might in Africa, Lu said. "If we worry about the political risks, then we won't be able to do anything."

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