TABLE OF CONTENTS
摘要
Abstract
Acknowledgements
VITA
LIST OF TABLES
LIST OF FIGURES
1.Introduction and Background
1.1 Literature Study
1.2 Introduction to the Chinese National Oil Companies
2.Empirical study of Chinese NOCs’ involvement in African oil
2.1 Trade data
2.1.2 Oil-for-loans deals
2.2 Investment decisions
2.2.1 Investments in exploration and upstream relations
2.2.2 Refinery investments and the downstream segment
2.2.3 Investments in infrastructure
2.3 Mergers and Acquisitions
2.4 Labour and Migration
2.5 Empirical findings
3.Theoretical analysis of the internal driving forces behind the NOCs’ observed activities at home and abroad
3.1 Increasing Chinese oil dependency
3.2 Overcapacity and continued expansion of Chinese refineries
3.3 The interplay between governmental policy and commercial interests
3.4 Regulations and price controls in the domestic refined oil and fuels market
3.5 Structural changes in the domestic oil market
4.Theoretical analysis of the external driving forces behind the NOCs’ observed activities at home and abroad
4.1 The African upstream market
4.2 Minimizing transaction costs and transport risks
4.3 Overcoming regional political and security risks
4.4 Diversification of overseas portfolio
4.5 Uncertainties of international oil prices
4.6 South-South business relations-internal and external factors giving unique Chinese comparative advantages to doing business in Africa
5.Conclusion and Policy Implications
References
Appendix
声明