Given China's large and growing energy sector, there is a degree of logic in the government creating a new mid-stream company, allowing the state to monitor energy flows
China To Continue Expanding Its Influence In The Oil And Gas Sector
Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. In 2009, for the first time, Saudi Arabia exported more of its oil to China than it did to the U.S. China also made large investments in Saudi Arabia's oil refining industry as well. But China's oil investments didn't stop there; they also pursued oil producing Canadian assets in 2011-12.
