from shanghaidaily..........
"CHINA yesterday urged Libya to protect its investments and said the oil trade benefited both countries, after a Libyan rebel warned that Chinese oil companies could suffer after the ousting of Moammar Gaddafi.
The deputy head of the Chinese Ministry of Commerce's trade department, Wen Zhongliang, was responding to a question about the official at the Libyan rebel-run oil firm, AGOCO, who said Russian and Chinese firms could lose out on oil contracts for failing to back the rebellion against Gaddafi.
"China's investment in Libya, especially its oil investment, is one aspect of mutual economic cooperation between the two countries, and this cooperation is in the mutual interest of both the people of China and Libya," Wen told a news briefing"...............READ MORE
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