China’s top arms dealer may take over oil stake in UAE from troubled energy oligarch

BY SILVI WRITER   Stake of the UAE’s biggest crude oil producer may change hands from China’s troubled energy oligarch CEFC to one of the world’s biggest arms dealer, a state-owned defense conglomerate based in Beijing, media has reported. The change hands will help the Chinese government secure its oil interest in the Middle East. China Development Bank, CEFC’s main creditor, is putting the Chinese … Continue reading China’s top arms dealer may take over oil stake in UAE from troubled energy oligarch