China's Overseas Oil and Gas Investment: Motivations, Strategies, and Global Impact
Article from: OGEL 1 (2008), in China Energy Law and Policy
Introduction
In the mid and late 1990s, China embarked on a path of investing in overseas upstream oil and gas assets and intensified its efforts in the latter part of the decade. Since the beginning of this decade, Chinese state oil companies have made a bigger push to expand overseas, an effort strongly favored and encouraged by the Chinese government. The Chinese state oil companies have thus been taking advantage of the central government's growing concern over potential disruptions to their energy supplies to realize their desires of having larger business operations around the world. "Going out" ...