This is a perfect example of why companies want China 'as is'...problem is, it doesn't tell the whole story.
Look at it another way. 114,000 bbl/day at $60/bbl times 365 days/year = $2.5 Billion/year. Payback in less than 2 years. A lot of oil from a non-arab source. China gets a one time payment and some on-going profit. What's not to like about it.