China looking to deepwater for energy
Afp, Beijing
China is increasingly looking to deepwater hydrocarbon resources such as gas and oil to meet growing energy demand from its rapidly expanding economy, an industry group said Monday. "Deepwater is not the future, it is here," Jim Wang, a board member of the Houston-based Chinese American Petroleum Association, told an industry conference in Beijing. "Chinese oil companies are going international and going into deepwater to meet domestic demand," he said.
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