The United Arab Emirates (UAE) holds much greater geopolitical significance to both China and the U.S. than might be inferred from either its size or its current crude oil production of just under 3 million barrels per day (bpd). This is why any major new deals signed with it by either side are so thoroughly scrutinised by the other, and why both continue to leverage whatever economic means they can to attempt to increase their influence across the collection of emirates.
The very recent five-year sales and purchase agreement signed between China’s…China Looks To Tighten Its Grip On This Key Middle Eastern Oil Hub
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