Goodbye to Taching
CHINA’S THIRST FOR OIL

Geopolitical equations are changing with China’s ever increasing thirst for oil, part of its quest for energy security. And, with the changes in class outlook to Mao’s “On the Ten Major Relationships” Taching is no more a model to the ruling elites in Beijing with their increasing hunger for affluence.
A few news reports show the country’s search for oil from corner to corner of this round earth: Brazil’s president Lula visited China for strategic partnership, the Chinese National Petroleum Company (CNPC) opened Iraq’s Al-Ahdab oil field in last March, China and Kuwait signed five agreements on areas including energy and finance in last May, an oil pipeline linking Russia’s far east to China’s northeast is set to start operation by the end of 2010, China and Russia signed seven energy cooperation agreements in February that included the pipeline, a long-term crude oil trading deal and a financing plan between China Development Bank and the Russia Oil Pipeline Transport Company, CNPC signed agreements with Costa Rica to upgrade Costa Rica’s oil refinery and to conduct a feasibility study on a new refinery in November, 2008, CNPC to lend US $ 5 billion to the Kazakh state oil