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Security and Profit in China’s Energy PolicyHedging Against Risk$
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Øystein Tunsjø

Print publication date: 2013

Print ISBN-13: 9780231165082

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231165082.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 13 June 2021

The Global Search for Petroleum

The Global Search for Petroleum

(p.75) 4 The Global Search for Petroleum
Security and Profit in China’s Energy Policy

Øystein Tunsjø

Columbia University Press

This chapter explores China’s strategies to gain access to overseas sources of oil. The first section surveys overseas investments in petroleum projects by Chinese national oil companies (NOCs), government-backed loan-for-oil deals that China signed with a number of petroleum suppliers worldwide, and the goal of Chinese NOCs to diversify the supply of petroleum through overseas production. The data and estimates provide a backdrop for examining China’s global search for petroleum. The second section discusses the main drivers behind China’s overseas petroleum activities. The third and fourth sections look at Sudan and Iran as case studies to investigate China’s global petroleum strategies and its energy security policy making.

Keywords:   China, energy security policy, petroleum imports, national oil companies, energy regulation, Iran, Sudan, loan-for-oil deals, petroleum supply

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