An official of the U.S. Department of Energy said the United States would welcome Chinese investments in its oil and gas sector, Reuters reports.
"If they want to invest in our oil and gas sector,
I can't imagine we would have any objections," Alan Hegburg, Deputy
Assistant Secretary in the Department of Energy, told Reuters at an oil
conference in Cape Town, South Africa.
This statement is sure to prove controversial as U.S. politicians voted
against a takeover bid by China National Offshore Oil Company for
Unocal in 2005. At that time, "national security concerns" were cited
as the main reason for opposing the USD18.5 bn bid.
Meanwhile, Beijing has increased its fuel prices for the second time
since summer. Petrol and diesel prices have been raised by RMB200 and
RMB290 per tonne respectively, the Beijing Municipal Commission of
Development and Reform said.
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