Community | January 24, 2009 | 1 comment

Battle of the titans over the Middle East

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To deal with the challenge of securing enough energy sources to fuel its growing economy, China has created a powerful new agency to oversee the country's energy security amid booming demand for power and surging oil imports.

The National Development and Reform Commission is in the midst of preparations for a State Energy Office. The State Energy Office will oversee an energy industry with assets of more than $1.2 trillion.
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