The Beijing-Abuja oil axis
This is truly alarming:
China has secured four oil drilling licences from Nigeria as President Hu Jintao continues his week-long tour of Africa, his second in three years.
In exchange China will invest $4bn (Â£2.25bn) in oil and infrastructure projects in Nigeria.
China will buy a controlling stake in Nigeria’s 110,000 barrel-a-day Kaduna oil refinery and build a railroad system and power stations.
Nigeria, Africa’s top oil exporter, has long been viewed by China as a partner.
Click here for reuse options!
That partnership could turn out to have serious ramifications for American and European security. After all, China is clearly trying to set up shop in Africa, forging alliances with resource-rich countries like Nigeria.
Do we have any doubt that China will eventually be a global power to rival the United States? At the very least, we should be anticipating, and preparing for, that future.
Copyright 2006 The Moderate Voice