China eyes Egyptian oil, gas
UPI: Chinese Premier Wen Jiabao held talks in Cairo Sunday with Egyptian President Hosni Mubarak to discuss trade and economic cooperation.
China wants to increase the amount of its investments in the Egyptian oil and gas industry, information technologies and telecommunications, according to press releases.
The visit coincided with the 50th anniversary of the establishment of diplomatic relations.
Mubarak said Egypt supports the principle of "one China," which denies recognition to the independence of Taiwan.
On Saturday, Wen met with Ahmed Mohamed Nazif, prime minister of Egypt, to secure gas and oil cooperation agreements and contracts on the joint production of telecom equipment.
Wen, along with a delegation of politicians and company officials, continued with visits to other countries on the African continent for a five-day tour of Ghana, Congo, Angola, South Africa, Tanzania and Uganda.
Industry experts believe the trip is a move to secure additional suppliers of energy and raw materials.
China wants to increase the amount of its investments in the Egyptian oil and gas industry, information technologies and telecommunications, according to press releases.
The visit coincided with the 50th anniversary of the establishment of diplomatic relations.
Mubarak said Egypt supports the principle of "one China," which denies recognition to the independence of Taiwan.
On Saturday, Wen met with Ahmed Mohamed Nazif, prime minister of Egypt, to secure gas and oil cooperation agreements and contracts on the joint production of telecom equipment.
Wen, along with a delegation of politicians and company officials, continued with visits to other countries on the African continent for a five-day tour of Ghana, Congo, Angola, South Africa, Tanzania and Uganda.
Industry experts believe the trip is a move to secure additional suppliers of energy and raw materials.
posted by Marko at 6/20/2006 08:26:00 AM
<< Home