Why, Where and How China’s NOCs“Go Out” · Why, Where and How China’s NOCs“Go Out ......
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The Rise of Asia’s National Oil Companies National Bureau of Asian Research May 3, 2007 Roots of Chinese Oil Investment Abroad Why, Where and How China’s NOCs “Go Out”
Transcript of Why, Where and How China’s NOCs“Go Out” · Why, Where and How China’s NOCs“Go Out ......
The Rise of Asia’s National Oil Companies
National Bureau of Asian Research
May 3, 2007
Roots of Chinese Oil Investment AbroadWhy, Where and How China’s NOCs “Go Out”
Motive: Why China’s NOCs “Go Out”
Strategy: Where and How to Invest
AMERICAS110,000 bpd
AFRICA190,000 bpd
MID-EAST30,000 bpd
FSU290,000 bpd
SE ASIA65,000 bpd
CHINA3,680,000 bpd
Global Upstream Portfolio: CNPC, Sinopec, CNOOCInvestment and Equity Production 2006
Source: CEIC, company filings, industry intelligence and CSA estimates. Dark coloring indicates countries with equity production in 2006.
Execution: Financing Overseas Deals
Implications & Conclusions
Thank you!
The Rise of Asia’s National Oil Companies
National Bureau of Asian Research
May 3, 2007
