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Thursday, September 27, 2007
Commentary: China's strategic post in the Persian Gulf
Gwadar in Bulochistan
If the flow of Middle East oil to China is squeezed, the Chinese economy will come to a grinding halt. Today China imports 32 percent of its oil needs. This need is expected to double by 2012.
Of this oil, 58 percent comes from the Middle East -- about 2 million barrels a day. It is expected that by 2012 almost 70 percent of all oil imports -- about 4 million barrels a day -- will come from the Middle East.
Hence it is not difficult to understand why China decided to build a naval base in Gwadar in Bulochistan, a Pakistani province, not far from the Straits of Hormuz.
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