Chinese official calls for joint US-China oil fields

Sept 11, 2006 (HANGZHOU, China) - Dow Jones report via ST. Excerpt:

A senior Chinese official for energy policy said China and the U.S. should jointly develop oil fields to protect against the risks of supply disruptions and the rising costs of production both countries face.

U.S. and other foreign oil companies are already working alongside Chinese counterparts in developing some Chinese oil fields.