China's International Petroleum Policy

Bo Kong

• Publisher: Praeger
• Year: 2009
• Print ISBN: 9780313377914
• eBook ISBN: 9780313377921
• Edition: 1
• Topic: Politics & International Relations
• Subtopic: Trade & Tariffs
• Index: Politics & International Relations

Author Bo Kong reveals how China's international petroleum policy is shaped by the cogovernance of the country's petroleum sector by its government and national oil companies, whose interests are at cross purposes with each other. This exhaustive treatment of China's international petroleum policy examines the cogovernance of China's petroleum sector by its government and national oil companies, as they work at loggerheads with each other to shape such key policies as overseas investment, domestic price caps, and import controls in the face their country's exploding demand for foreign oil. Imported oil already accounts half of China's total consumption and is forecast to increase to 80 percent by 2030. China's International Petroleum Policy focuses on six major issues: the evolution of China's petroleum governance regime, the making of China's international petroleum policy, the international expansion of China's national oil companies, the challenges confronting Chinese oil companies on the international petroleum chessboard, Beijing's petroleum diplomacy, and the implications of China's international petroleum policy. Each chapter describes the historical and institutional context of a particular issue, the key players, and the structures and processes through which policy is developed and implemented.

Table of contents

• Cover
• Contents
• Introduction: A Governance Approach to Policy
• 1. Petroleum Governance in Post-Reform China
• 2. Making International Petroleum Policy under Co-Governance
• 3. Chinese National Oil Companies Go Global
• 4. Chinese National Oil Companies Challenged
• 5. China’s Petroleum Diplomacy
• 6. Implications of China’s International Petroleum Policy
• Appendices
• 1.1. Evolution of China’s Petroleum Industry Governance Structure
• 1.2. Chinese Bureaucracies Germane to Petroleum Policy
• 1.3. Top Chinese Oil Executives from the Central Government
• 1.4. Top Chinese Government Leaders from Oil Companies
• 1.5. Chinese NOCs’ Capital Markets Financing (2000–2008)
• 1.6. State Development Bank Loans to the Chinese Petrochemical Sector
• 3.1. Foreign Upstream Investment by Chinese Oil Companies, 1992–2007
• 3.2. Investment in Foreign E&P by Other Chinese Companies
• 3.3. Chinese Oil Companies’ Upstream Investment by Year
• 3.4. CNPC’s Overseas Geophysical Operations in 2003 by Country
• 3.5. CNPC’s Overseas Drilling and Workover Operations in by Country
• Notes
• Bibliography
• Index