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China, however, is in close alliance with Iran and is having no problem picking up our share of the oil. China is also trying to find oil for longer storage term from where ever it can, even places like Sudan and Burma. The risk of taking oil from such unstable countries is huge and the consequences can be threatening...
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The risk of taking oil from such unstable countries is huge and the consequences can be threatening. Besides taking oil from poorer countries China is also looking around top find other nations who can pipeline oil to their country (NYT 4/19/06).
On November 2004, China has signed a seventy billion dollar deal with Iran...
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