Chinese Billionaire’s Firm Clears Hurdle For $775 Mln Of BP’s Pakistan Assets - Russell Flannery - China Wealth - Forbes
United Energy Group, a Hong Kong-listed energy company controlled by Chinese billionaire Zhang Hongwei, said yesterday that it cleared a final legal hurdle to the purchase of assets owned by BP in Pakistan for $775 million. The assets provide 14% of Pakistan’s total oil production and 6% of its domestic gas production.
Dear China: Help Us Fix Pakistan - By Patrick C. Doherty | Foreign Policy
...U.S. interests are broadly shared by China, Pakistan's primary ally and a major investor in the country's economic success. ....
To date, China's relationship with Pakistan -- with which it has shared military technology and invested in major infrastructure projects -- has only enabled that South Asian nation's unstable status quo. When it comes to military hardware, China has
shared ballistic missiles such as the short-range DF-11, is jointly producing the JF-17 advanced fighter with Pakistan, and has provided its ally with anti-ship cruise missiles, among other weapons. China also built the massive multimodal port in the southern city of Gwadar, along with a highway and rail link connecting it to China.
Indeed, the relationship is so strong that, at the request of Beijing, the Pakistani military stormed Islamabad's Red Mosque in 2007 to liberate 10 Chinese nationals, a move that crystallized the Pakistani Taliban as an anti-government movement.
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The Cutting Edge News
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China’s next goal would be to see U.S. troops move out of the region, creating a favorable vacuum for China to fill without significant challenges from Russia.