Watching the World: Chinese pipeline talks

The vast Chinese energy market is about to move to the center stage of world oil industry activity and senior oil company executives are likely to be spending the coming months signing contracts running into billions of dollars.The long-predicted boom in the region is about to burst into reality.The scale of the projects involved, the distances that pipelines will be required to cover, and the potential number of customers who will benefit from modern oil and gas production techniques exceeds all previous estimates.Oil investmentsThe biggest foreign investment previously in China's energy sector came in 2000 when ExxonMobil Corp., Royal Dutch/Shell Group, and BP PLC paid a combined $2...

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