@1 year ago
#Wall Street Journal #Charts
For China Boss, Deep-Water Rigs Are a ‘Strategic Weapon’.
When China launched its first deep-water oil rig in May, Cnooc Chairman Wang Yilin delivered a message to employees and his Communist Party superiors about what it meant to Beijing’s ambitions abroad. “Large-scale deep-water rigs are our mobile national territory and a strategic weapon,” he told a crowd gathered at Cnooc’s glittering headquarters in central Beijing as well as rig workers by videoconference.