China's oil industry

"India and China in the next few years will be in direct competition with America and European Union for oil and natural gas from all over the world specially Middle East. The bottom line is that who ever gets to use the oil, will grow faster and eventually dominate the world." --Sonia Chaturvedi wrote in India Daily, February 16, 2005.

"China first became an oil importing country in 1993. Its insatiable hunger for oil has since been an important factor in driving up world oil prices. The country's demand for oil is expected to grow by 8.1% or 510,000 barrel per day (bpd) by 2005, according to the International Energy Agency (IEA)." --Phar Kim Beng, Asia Times, September 23, 2004.

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Cooperative Venture

"India and China, the most aggressive shoppers for oil and gas assets in the world, and normally archrivals in the race for overseas oilfields, have finally come together to pursue their energy security in the global arena," Indrajit Basu reported in the December 22, 2005, Asia Times.

"China National Petroleum Corporation (CNPC) and India's Oil and Natural Gas Corporation (ONGC), the two largest oil companies in the respective countries, announced on December 20 that they had jointly won a bid to acquire 37% of Petro-Canada's stake in Syrian oilfields for US$573 million. ONGC and CNPC, both state-owned, will have equal stakes in the al-Furat oil and gas fields," Basu wrote.

Although CNPC and ONGC "have been working together as joint operators in Sudan for the last three years," this will be "the first time, then, that an Indian company [will] acquire an oil property along with a Chinese company," Basu wrote.

China's Oil Industry

• Andes Petroleum Corporation (joint venture)
• China National Offshore Oil Corporation (CNOOC) (China's third-largest oil firm)
• China National Petroleum Corporation (CNPC) (China's largest oil producer and parent of PetroChina)
• China Oilfield Services Limited (COS) (subsidiary of CNOOC)
• China Petroleum and Chemical Corporation (Sinopec) (China's largest oil refiner)

SourceWatch Resources

• Association of Southeast Asian Nations
• Baku-Tbilisi-Ceyhan (BTC) pipeline
• China: The next economic superpower
• China-Iran-Russia axis
• Horn of Africa
• India's oil industry
• Japan's oil industry
• peak oil
• peak oil: we have oil
• Pipelineistan
• Russia-China-India "strategic triangle"
• Shanghai Cooperation Organization (SCO) (China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan)
• Syria's oil industry
• Unocal

External links

Background

• Country Analysis Brief: China, U.S. Department of Energy. Best available information as of August 2005.

Articles & Commentary

• Sergei Troush, "China's Changing Oil Strategy and its Foreign Policy Implications," CNAPS Working Paper, Brookings Institution, Fall 1999.
• Gal Luft, "U.S., China Are on Collision Course Over Oil," Los Angeles Times (IAGS.org), February 2, 2004.
• Jehangir Pocha, "The Axis of Oil," In These Times (AlterNet), February 2, 2005: "With growing energy needs of their own, China and India are increasingly competing with the United States to secure oil exploration rights."
• "India And China: Oil-Patch Partners?" BusinessWeek, February 7, 2005.
• Peter S. Goodman, "Big Shift in China's Oil Policy. With Iraq Deal Dissolved by War, Beijing Looks Elsewhere," Washington Post, July 13, 2005.
• "China's Shrunken Thirst for Oil. The pain of record-high crude plus Beijing policies that squeeze refiners are sinking demand -- and may help speed the yuan's revaluation," BusinessWeek, July 19, 2005.
• Mike Shuster, "China's Oil Demand Complicates Relations with U.S.," NPR, October 19, 2005.
• Anthony Faiola, "Japan-China Oil Dispute Escalates. Relations Already Uneasy as Tokyo Accuses Beijing of Tapping Disputed Fields," Washington Post, October 22, 2005.
• Charlie Zhu, "ANALYSIS - India, China will flirt, not wed, in foreign oil push," Reuters, December 21, 2005: "China National Petroleum Corp. (CNPC) and India's Oil and Natural Gas Corp. (ONGC) have won an auction for PetroCanada's Syrian fields after a concerted diplomatic push from India -- the first such tie-up between what are normally arch-rivals in the race for overseas oilfields."
• Mure Dickie, "Kuwait eyes China oil deals," Financial Times, December 22, 2005.
• Dulue Mbachu, "Update 1: China's Hu Signs Oil Deal With Nigeria," Associated Press (Forbes), April 27, 2006.
• "China denies human rights abuses in search for oil", Reuters, April 27, 2006.

From the BBC

• "Kazakhs agree to China pipeline," May 18, 2004: "Kazakhstan and China have signed a deal to build a 1,240-km oil pipeline from Kazakhstan to the Chinese border."
• Mary Hennock, "China's global hunt for oil," March 9, 2005: "China's craving for oil to drive its industrial boom and, to a lesser extent, satisfy its love affair with the motorcar, has helped to push up global crude oil prices."
• Ian MacWilliam, "Kazakh-China oil pipeline opens," December 15, 2005: "Kazakhstan and China have inaugurated a 1,000km-long (620-mile) oil pipeline to supply Kazakh oil to energy-hungry western China."

From Asia Times

• "China becomes world's fifth largest oil producer," September 11, 1999.
• "Oiling China's war machine," STRATFOR.COM's Global Intelligence Update, March 10, 2000.
• Antoaneta Bezlova, "'War' prompts Beijing to accelerate energy plans," November 7, 2001.
• Sergei Blagov, "Russia, China eye pan-Asian oil bridge," June 26, 2002.
• John Helmer, "Oil to China is a race against time," October 25, 2002.
• Pepe Escobar, "China, Russia and the Iraqi oil game," November 1, 2002.
• Phar Kim Beng, "Oil needs drive China west," November 20, 2002.
• "China's largest offshore oilfield starts Phase 1," January 11, 2003.
• Michael Lelyveld, "Russia tests China's patience over pipeline," February 28, 2003: "China gets more than 46 percent of its imported oil from the Persian Gulf, primarily from Saudi Arabia, Iran and Oman, according to the Reuters news agency."
• "China's imports of oil, oil products surges," March 5, 2003.
• Ehsan Ahrari, "The importance of Central Asia to China," March 13, 2003.
• "Sino-Russian pipeline compromise reached," March 29, 2003.
• Mark Berniker, "China's hunger for Central Asian energy," June 11, 2003.
• "China: Hungry for Power" :

• Part 1: "Energy crisis threatens 'world's factory'," January 14, 2004.
• Miao Ye, Part 2: "Part 2: The human price of coal," January 15, 2004.
• Qiu Xin, Part 3: "It is about oil," January 16, 2004.

• Michael Mackey, "China setting up strategic oil reserve," February 7, 2004.
• Adam Wolf, "Cooling China's economy and red-hot oil prices," May 29, 2004.
• Travis Tanner, "The oil that troubles US-China waters," June 18, 2004.
• Kosuke Takahashi, "Gas and oil rivalry in the East China Sea," July 27, 2004.
• Pepe Escobar, "Oil's slippery slope," August 24, 2004.
• Phar Kim Beng, "China mulls oil pipelines in Myanmar, Thailand," September 23, 2004.
• David Fullbrook, "China to Europe via a new Burma road," September 23, 2004.
• Sergei Blagov, "China's Russian pipe dream," September 28, 2004.
• Mark N. Katz, "Don't dismiss China's Daqing oil pipeline," October 1, 2004.
• "Xinjiang seeks major petrochemical investments," October 5, 2004.
• Chietigj Bajpaee, "India trails China in energy race," October 20, 2004.
• Antoaneta Bezlova, "China seizes private oil wells, mirrors Russia," November 2, 2004.
• Kaveh Afrasiabi, "China rocks the geopolitical boat," November 6, 2004.
• Jeremy Bransten and Michael Lelyveld, "The Dragon in Central Asia" : Part 1: "The hunt for friends, and oil," November 23, 2004.
• F. William Engdahl, "The oil factor in Bush's 'war on tyranny'," March 3, 2005: "Not only has China already lost huge oil concessions in Iraq with the US occupation, but China's oil supply from Sudan is also under increasing pressure from Washington."
• Sudha Ramachandran, "China's pearl in Pakistan's waters," March 4, 2005.
• Chietigj Bajpaee, "India, China locked in energy game," March 17, 2005.
• Ramtanu Maitra, "The energy ties that bind India, China," April 12, 2005.
• Michael T. Klare, "Oil, geopolitics and war with Iran," April 13, 2005.
• Chietigj Bajpaee, "Will the peacock outdo the panda?," July 13, 2005.
• Emad Mekay, "China oil bid tests US free market rhetoric," July 15, 2005.
• John Helmer, "China to get first crack at Russian oil: Putin," July 16, 2005.
• Aruni Mukherjee, "India, China ... tortoise, hare?," August 18, 2005.
• Jyoti Malhotra, "India, China: Comrades in oil," August 19, 2005.
• "Kazakh oil coup for China, India cries foul," August 24, 2005.
• Antoaneta Bezlova, "China's oil quest causes friction," September 10, 2005.
• "Oil focus shifting to Xinjiang," September 10, 2005.
• Indrajit Basu, "India discreet, China bold in oil hunt," September 29, 2005.
• Antoaneta Bezlova, "China oil rivalry pushes India, Taiwan closer," October 5, 2005.
• Chietigj Bajpaee, "The eagle, the dragon and African oil," October 12, 2005.
• Michael T. Klare, "Revving up the China threat," October 15, 2005.
• "CNPC finalizes PetroKazakhstan acquisition," October 28, 2005.
• Michael A. Weinstein, "A long US march in Africa," November 11, 2005.
• Siddharth Srivastava, "Delhi knocked out over China," November 16, 2005.
• Joshua Eisenman and Devin T. Stewart, "China-Japan oil rivalry spills into Africa," November 17, 2005.
• Siddharth Srivastava, "The foundations for an Asian oil and gas grid," December 1, 2005.
• "Chinese, Indian giants make joint Syrian oil bid," December 10, 2005.
• F. William Engdahl, "China lays down gauntlet in energy war," December 21, 2005.
• Indrajit Basu, "India, China pin down $573m Syria deal," December 22, 2005.