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March 2, 2007

Iran, Sudan, Nigeria off China incentive list

Source: Financial Times

By Richard McGregor in Beijing

Beijing has left Iran, Sudan, and Nigeria off its latest list of resource-rich countries for which it will provide financial incentives to Chinese companies to invest in.

The National Development and Reform Commission, the chief economic planning agency that also oversees energy policy, released the new list on Thursday.

The nine nations slated for further Chinese oil and gas investment are Kuwait, Qatar, Oman, Morocco, Libya, Niger, Norway, Ecuador and Bolivia.

It is not clear whether the exclusion of Iran, Sudan and Nigeria came because Chinese companies have no short-term investment plans in the three countries, or for more political reasons.

Full story...

Posted by pichu at March 2, 2007 12:16 PM