China not to pursue oil resources monopoly in Africa

(Xinhua)
Updated: 2006-11-06 09:29

China will not pursue monopoly of oil resources in Africa, and will not exclude and affect the cooperation between Africa and other countries, said Chinese Foreign Minister Li Zhaoxing on Sunday in Beijing.

At a joint press conference held by Chinese, Ethiopian and Egyptian foreign ministers, Li Zhaoxing said "the criticism of China's energy policy in Africa is unreasonable."

China can self support more than 90 percent of its energy. China's import of crude oil from Africa only accounts for 6 percent of the total oil trade volume in the world, Li said.

The energy cooperation is one part of the Sino-African cooperation which is based on the principle of equality and mutual benefit. During the cooperation, which is open and transparent to the outside world, China abides by related international rules, Li added.

The press conference was held following the two-day Beijing Summit of the Forum on China-Africa Cooperation (FOCAC).

Ethiopia is the co-chair of the forum, while Egypt will host the next in 2009.

The Beijing Summit closed earlier Sunday after adopting a historic declaration and an action plan for 2007-2009 in an effort to facilitate China-Africa cooperation in an all-round way.

The landmark gathering highlighted "friendship, peace, cooperation and development."

China not to impose own mode on Africa

China respects the choices of African countries, and will not impose its mode of development on African countries, said Chinese Foreign Minister Li Zhaoxing on Sunday in Beijing.

At a joint press conference held by Chinese, Ethiopian and Egyptian foreign ministers, Li Zhaoxing said that if some African countries build economic zones, China will hold discussions with the countries and cooperate with them based on the principle of mutual benefit.

All the decisions on the Sino-African joint economic projects were made according to the common demand and interests of two sides, and will bring real benefits to Chinese and African people, Li said.

The cooperation is favorable to peace and development of Africa and other places of the world, Li added.

The press conference was held following the two-day Beijing Summit of the Forum on China-Africa Cooperation (FOCAC).

Ethiopia is the co-chair of the forum, while Egypt will host the next in 2009.

The Beijing Summit closed earlier Sunday after adopting a historic declaration and an action plan for 2007-2009 in an effort to facilitate China-Africa cooperation in an all-round way.

The landmark gathering highlighted "friendship, peace, cooperation and development."



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