This, on the other hand, is good news:
Two Chinese oil companies operating in Ecuador said they could seek international arbitration if they do not reach agreement over new contracts, saying negotiations so far were characterised by pressure and a lack of transparency, a letter from the companies said.
Andes Petroleum and Petrooriental sent the letter last month to state officials involved in negotiating new contracts with foreign oil companies to express their concerns over how the talks were progressing.
“The initial phase of the negotiations has been marked by a lack of transparency — in terms of take or leave it, confiscatory measures and pressure to accept conditions,” according to a letter dated 19 October and signed by executives, Reuters reported.
As the Chinese get more involved in international affairs, of which oil and gas is but one, they are going to find themselves increasingly exposed to the trials and tribulations which have plagued the Americans in their dealings around the world, and the British before them. How the Chinese react to these will be worth noting, but it is inevitable that they will have to rely on international cooperation to a greater extent than they have previously needed. The two small Chinese companies seeking arbitration against Ecuador might not amount to much in itself, but it signifies that the Chinese appreciate the benefits of international cooperation. This can only be a good thing.