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	<title>Chinafrica - China Africa trade, China investment in Africa &#187; Addax Petroleum</title>
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		<title>China Strengthens Its Hold Over African Oil</title>
		<link>http://www.chinafrica.asia/china-strengthens-african-oil/</link>
		<comments>http://www.chinafrica.asia/china-strengthens-african-oil/#comments</comments>
		<pubDate>Wed, 08 Jul 2009 04:57:50 +0000</pubDate>
		<dc:creator>willy</dc:creator>
				<category><![CDATA[Non classé]]></category>
		<category><![CDATA[Addax Petroleum]]></category>
		<category><![CDATA[Gabon]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[Sinopec]]></category>
		<category><![CDATA[Sudan]]></category>

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		<description><![CDATA[China consistent endeavors to secure its supply and sources of natural resources and minerals has seen strategic moves for mergers and acquisitions, including bids for companies that operate in Africa. In keeping with this strategy, China’s oil giant Sinopec, a company fully owned by the Chinese government, has made a $7.22 bid to takeover Addax [...]]]></description>
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		<title>China Interested In Acquiring Stake in Swiss Firm to Get Oil from Africa</title>
		<link>http://www.chinafrica.asia/china-interested-acquiring-stake-swiss-firm-to-get-oil-from-africa/</link>
		<comments>http://www.chinafrica.asia/china-interested-acquiring-stake-swiss-firm-to-get-oil-from-africa/#comments</comments>
		<pubDate>Fri, 12 Jun 2009 03:34:08 +0000</pubDate>
		<dc:creator>willy</dc:creator>
				<category><![CDATA[Non classé]]></category>
		<category><![CDATA[Addax Petroleum]]></category>
		<category><![CDATA[China National Petroleum]]></category>
		<category><![CDATA[oil]]></category>

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		<description><![CDATA[China has been pursuing its  investigations and research for using its surplus cash reserves to secure  its long-term sources of oil and natural gas crucial for its future  growth and progress. Its favorable balance of payments position over  the years has led to an escalation in its foreign exchange reserves  [...]]]></description>
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