Colombia, China Strike Oil Deals

From Wall Street Journal

Colombian and Chinese officials struck agreements that may help direct much of the Latin American nation”s future oil and coal exports to Asia and away from U.S. and European markets.

The agreements, signed Wednesday during a trade and investment promotion trip to China in which Colombian President Juan Manuel Santos met with Chinese President Hu Jintao, come as the U.S. ally rethinks its traditional reliance on markets in the north and west, said Colombian Mines and Energy Minister Mauricio C’ardenas in an interview.

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