Gov’t to investigate sale of oil group’s stakes in African field to China

Radio Taiwan International
Date: 26 November, 2020
By: Paula Chao

Economics Minister Wang Mei-hua (CNA file photo)

Economics Minister Wang Mei-hua says the government will investigate why Taiwan’s state-run oil group sold a 35% stake in an African oil field to a Chinese enterprise. Wang was speaking Thursday.

The oil group is called CPC Corporation, Taiwan. The group has found an oil field in the African country of Chad, and an initial shipment of 950,000 barrels of crude oil from the field is due to arrive in Taiwan in early December.

However, it has been reported that the group sold a 35% stake in the field to a Chinese enterprise with ties to the Chinese military back in 2016. That was before the then opposition DPP took power from the KMT.      [FULL  STORY]

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