China's New Oil Development Strategy Taking Shape PDF
by Wong John Wong, Wong Chee Kong Wong
Part of the East Asian Institute Contemporary China Series series
Description
A surge in demand for oil due to rapid economic growth and stagnation in domestic oil output has turned China into a net oil importer since 1993.
Faced with increasing reliance on imports to meet its domestic needs, China now places a high priority on securing long-term stability of its oil supply in the next century.
Hence a new oil development strategy focuses on boosting the domestic oil industry and exploiting overseas resources.In this regard, China has pursued an active "oil diplomacy" by signing international oil deals with a diverse range of nations from Central Asia, the Middle East, Africa and Latin America, in particular a series of deals worth US$6 billion with Kazakhstan, Iraq and Venezuela in June 1997.
While the overseas ventures will no doubt facilitate China's integration with the world economy, such internationalisation of China's oil industry will also carry significant geoeconomic and geopolitical implications for oil-consuming countries.
Information
-
Download - Immediately Available
- Format:PDF
- Pages:52 pages
- Publisher:World Scientific Publishing Company
- Publication Date:14/08/1998
- Category:
- ISBN:9789814495554
Information
-
Download - Immediately Available
- Format:PDF
- Pages:52 pages
- Publisher:World Scientific Publishing Company
- Publication Date:14/08/1998
- Category:
- ISBN:9789814495554
