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China’s foreign oil policy: genesis, deployment and selected effects

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  • Edward Hunter Christie

    (wiiw)

  • Joseph Francois

    (wiiw)

  • Waltraut Urban

    (wiiw)

  • Franz Wirl

    (wiiw)

Abstract

China is a rising global power with a growing role and impact on the world’s energy markets as well as on the Earth’s climate system. China pursues its development in an essentially non-confrontational manner, a vision encapsulated by the notion of peaceful rise which is viewed positively in the world’s major capitals. Nevertheless, China’s rapid growth represents a genuine global challenge and raises many questions. How is China dealing with its growing need for imported crude oil? What is the impact of China’s rise on the global oil market, notably in terms of oil price developments? Are Chinese actions on oil markets different from those of other major importers? What opportunities and risks arise as a result of china’s growing role on the global oil market from the viewpoint of other global players? In this report we seek to offer some answers to those questions with a review of China’s developing energy policy, of the actions and revealed preferences of its national oil companies, and of broader economic and geopolitical analyses of the impact of China’s growing oil consumption on other global players.

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Bibliographic Info

Paper provided by FIW in its series FIW Research Reports series with number II-003.

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Length: 83
Date of creation: Jan 2010
Date of revision:
Handle: RePEc:wsr:ecbook:2010:i:ii-003

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Related research

Keywords: Crude oil; energy security; oil security; China; foreign oil policy;

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Cited by:
  1. A. Miklaszewicz & V. Popova & Roman Römisch & H. Sladek & Waltraut Urban, 2010. "Monthly Report No. 3/2010," wiiw Monthly Reports 2010-03, The Vienna Institute for International Economic Studies, wiiw.

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