Global Economic
Trend Analysis

Recent Posts

Friday, December 12, 2014 10:24 AM

China Enters Fight Against ISIS

Mish Moved to MishTalk.Com Click to Visit.

To protect its oil interests in Iraq, it eventually had to come to this: China Offers to Help Iraq Defeat Isis.

China has offered to help Iraq defeat Sunni extremists with support for air strikes, according to Ibrahim Jafari, Iraq’s foreign minister.

Wang Yi, Mr Jafari’s Chinese counterpart, made the offer to help defeat the Islamic State of Iraq and the Levant, known as Isis, when the two men met in New York at September’s UN antiterrorism meeting, Mr Jafari said.

Any Chinese assistance would be outside the US-led coalition. “[Mr Wang] said, our policy does not allow us to get involved in the international coalition,” Mr Jafari told the Financial Times in Tehran, where he was attending an anti-extremism conference earlier this week.

China is the largest foreign investor in Iraq’s oil sector and stands to lose the billions its state-owned groups have ploughed into the country if the fields are lost to the insurgents. Sinopec operates in Kurdistan, while China National Petroleum Corp has interests in the giant Rumaila field near Basra and in Maysan province near the Iranian border. CNPC has already effectively abandoned oilfields it operated in Syria.

Global Times, the Chinese newspaper, reported this week that Isis crews were dismantling a small refinery, in which a Chinese company has invested, west of Baiji to scavenge equipment for Isis-controlled refineries in Mosul, Iraq’s second-biggest city.

What Iraq needed now was more weapons, Mr Jafari said: “Our problem is with the supply of arms and weaponry.” The Iraqi army was trained and equipped by US forces before 2011, but many of its US-supplied weapons have fallen into the hands of Isis.
US-Made Mess

There you have it. China volunteers to help clean up a 100% US-made mess.

It's not out of the goodness of their hearts, China's own interests are in play.

Mike "Mish" Shedlock

Last 10 Posts

Copyright 2009 Mike Shedlock. All Rights Reserved.
View My Stats