In the “Eleventh Five-Year†period, which began in less than a month, China’s series of 'oil diplomacy' has attracted widespread attention. In addition to the 'going out' of domestic oil companies and gains, many countries have also come to negotiate oil cooperation.
On January 12, Indian Oil Minister Mani Shanka Aiyar paid an official visit to China. The theme of this visit is energy cooperation between the two developing countries in Asia. During Aiyar’s visit to China, he signed a Memorandum of Understanding on “Enhancing Oil and Gas Cooperation†with the National Development and Reform Commission of China. The two countries also agreed to set up a joint working group to implement cooperation content.
Ten days later, on the 22nd, King Abdullah of Saudi Arabia, the world’s largest oil-producing country, visited China, and the theme is still oil and other energy cooperation. During his visit to China, the Saudi King signed a cooperation agreement with China on the "Protocol on cooperation in the fields of oil, gas and minerals," and basically launched the Sino-Saudi joint oil project with an investment of 20 billion yuan. This shows that the Gulf oil-producing countries that have always focused on the West have begun to pay attention to the rise of China and China’s energy needs, and have fully unveiled the Sino-Saudi energy cooperation. Some experts commented that the establishment of Sino-Saudi joint oil storage projects will ensure that China's energy security will be greatly protected, and will greatly reduce the risks associated with changes in the world oil market.
Prior to this, the Acting President of the Organization of the Petroleum Exporting Countries (OPEC), Fahad, also conducted an 'icebreaking' tour of China for 45 years.
In terms of going abroad, the CNOOC Group’s newly announced acquisition of Unocal last year revealed that its subsidiary, China Oilfield Services Co., Ltd. has just obtained drilling operations contracts in countries such as Iran, Myanmar and Australia, with a total contract value of nearly 80 million. Dollars. CNOOC is also considering participating in the acquisition of Nations Energy, a privately owned Kazakhstani oil company, which may be worth US$2 billion. Several other large domestic oil companies are also stepping up overseas acquisitions. China National Petroleum Corporation (CNPC) and Indian National Petroleum Corporation jointly bid for the Canadian oil company’s oil and gas assets in Syria with a total of US$576 million at the end of last year. This year, it will again bid 3 billion U.S. dollars with India’s oil and gas companies to acquire Russia’s Tyumen oil company’s subsidiary companies. Udmurtneft oil company.
On January 12, Indian Oil Minister Mani Shanka Aiyar paid an official visit to China. The theme of this visit is energy cooperation between the two developing countries in Asia. During Aiyar’s visit to China, he signed a Memorandum of Understanding on “Enhancing Oil and Gas Cooperation†with the National Development and Reform Commission of China. The two countries also agreed to set up a joint working group to implement cooperation content.
Ten days later, on the 22nd, King Abdullah of Saudi Arabia, the world’s largest oil-producing country, visited China, and the theme is still oil and other energy cooperation. During his visit to China, the Saudi King signed a cooperation agreement with China on the "Protocol on cooperation in the fields of oil, gas and minerals," and basically launched the Sino-Saudi joint oil project with an investment of 20 billion yuan. This shows that the Gulf oil-producing countries that have always focused on the West have begun to pay attention to the rise of China and China’s energy needs, and have fully unveiled the Sino-Saudi energy cooperation. Some experts commented that the establishment of Sino-Saudi joint oil storage projects will ensure that China's energy security will be greatly protected, and will greatly reduce the risks associated with changes in the world oil market.
Prior to this, the Acting President of the Organization of the Petroleum Exporting Countries (OPEC), Fahad, also conducted an 'icebreaking' tour of China for 45 years.
In terms of going abroad, the CNOOC Group’s newly announced acquisition of Unocal last year revealed that its subsidiary, China Oilfield Services Co., Ltd. has just obtained drilling operations contracts in countries such as Iran, Myanmar and Australia, with a total contract value of nearly 80 million. Dollars. CNOOC is also considering participating in the acquisition of Nations Energy, a privately owned Kazakhstani oil company, which may be worth US$2 billion. Several other large domestic oil companies are also stepping up overseas acquisitions. China National Petroleum Corporation (CNPC) and Indian National Petroleum Corporation jointly bid for the Canadian oil company’s oil and gas assets in Syria with a total of US$576 million at the end of last year. This year, it will again bid 3 billion U.S. dollars with India’s oil and gas companies to acquire Russia’s Tyumen oil company’s subsidiary companies. Udmurtneft oil company.