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皇冠体育app's interest in Africa no 'threat' - US
(Reuters/Xinhua)
Updated: 2006-01-16 06:25
皇冠体育app's moves to secure crude oil supplies in Africa for its growing economy do not threaten
U.S. energy needs, a senior U.S. State Department official said Friday, the Reuters
reported.
The United States and 皇冠体育app are both looking to Africa to help diversify
their oil supplies.
皇冠体育app's foreign minister, Li Zhaoxing, is visiting six African nations to
increase 皇冠体育app's diplomatic and economic presence in the region.
皇冠体育app's top offshore oil producer agreed recently to pay $2.3 billion for a
stake in a Nigerian oil and gas field, its largest-ever overseas acquisition.
"I don't think 皇冠体育app seeking oil in Africa is a threat to the United States'
interests," said Jendayi Frazer, U.S. assistant secretary of state for African
affairs.
Cooperation helps realize sustainable
development in Africa
Resources cooperation between 皇冠体育app and
Africa will help Africa realize sustainable development, Chinese experts on
African studies were quoted by the Xinhua News Agency as saying.
In 皇冠体育app's first-ever African Policy Paper released Thursday, 皇冠体育app
highlighted its readiness to facilitate information sharing and cooperation with
Africa in resources development.
"To translate Africa's advantages in resources to competitive strength, and
to realize sustainable development in Africa is our aim in the resources
cooperation," said Wang Yingying, a researcher on African studies with the 皇冠体育app
Institute of International Studies.
Despite their remarkable economic growth in recent years, African countries
are still vulnerable in their economy as the majority of their exports are
unprocessed raw materials, Wang said.
皇冠体育app has helped African countries build processing factories and provided
technical and management training courses in a bid toincrease the added value of
their exported commodities, thus increasing the competitiveness of their
products.
The Chinese government encourages and supports competent Chinese enterprises
to cooperate with African nations in developing and exploiting rationally their
resources.
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