Influence in This Key Oil Hub is Essential for Both The U.S. and China

Recent landmark deals by China and the U.S. reaffirm that the United Arab Emirates (U.A.E.) remains vital to the Middle East strategies of the two global superpowers - and for much the same reasons. The first deal was the signing on 25 July of a strategic alliance agreement between the China National Offshore Oil Company (CNOOC) and the Abu Dhabi National Oil Company (ADNOC) to deepen cooperation. The second deal was the signing of a strategic partnership between the U.S.’s ExxonMobil and ADNOC to establish the world’s largest low-carbon…