The Overseas Operations of China's National Oil Companies
Article from: OGEL 4 (2005), in Special Feature: Asian Energy Law and Policy
Introduction
China's national oil companies can now be found in more than 50 countries around the world. They have billions of dollars of commitments to oil and gas exploration, production and transportation projects, as well as a range of construction and service contracts with the potential to yield revenues of hundreds of millions of dollars per years. This overseas activity on the part of China's NOCs began in the early 1990s when it became clear that China was set to become a net importer of oil. But most of these early projects were quite small. The year 1997 saw the first large ...