Minister faces ire over Chinese firm’s stake in oil fieldBy Angelica Oung / Staff reporterCPC Corp, Taiwan’s (CPC, 台灣中油) sale of a 35 percent interest in its Chad oil field to a Chinese company sparked harsh questioning of Minister of Economic Affairs Wang Mei-hua (王美花) in the Legislative Yuan on Monday. Minister of Economic Affairs Wang Mei-hua attends a meeting of the legislature’s Economics Committee in Taipei on Monday. Photo: George Tsorng, Taipei Times“Shouldn’t the ministry form a committee to get to the bottom of this issue?” Yang asked. At the time, Paul Chen (陳綠蔚) was CPC president and Lin Sheng-chung (林聖忠) was chairman, but both have since retired. The Oryx Oilfield is CPC’s first successful attempt to independently prospect and develop an oil field overseas.

Source: Taipei Times December 22, 2020 15:56 UTC