China To Expand Its Influence In The Middle East With Major Oil Deal

China continues to expand its influence in the Middle East through oil and infrastructure deals, and the latest deal with ADNOC is a great example of how Beijing looks to grow its presence in the offshore oil business It is little surprise to see that China – again – figures in yet another concessions award in the Middle East, this time relating to the Abu Dhabi National Oil Company (ADNOC). In the aftermath of Saudi Arabia’s second disastrous oil price war against the U.S. shale sector, virtually all major Middle Eastern state-owned…