China’s Big Play for Middle East Oil

Bloomberg
China’s Middle East energy footprint has been expanding. In February, it made a deal for a stake in Abu Dhabi’s onshore oil. In March, Saudi Arabia’s King Salman bin Abdulaziz travelled to China to strengthen trade ties, and now a Chinese consortium...

Why the Stakes Are So High for China in South Sudan

Eric Olander, Cobus van Staden & more
Nowhere else in Africa do China’s financial, diplomatic, and geopolitical interests confront as much risk as they do in South Sudan. Beijing has invested billions of dollars in the country’s oil sector, deployed over a thousand troops to serve as U...

Why You Should Care about China's National People's Congress

Karishma Vaswani
BBC
It is an opportunity to gauge what Chinese leaders may be thinking about the economy.

China’s Risky Oil Strategy in Africa’s Sahel Region

Eric Olander, Cobus van Staden & more
Chad is one of the poorest, most corrupt, and, increasingly, most volatile countries in Africa. A recent wave of suicide bombings, allegedly orchestrated by Boko Haram, killing 36 and injuring 50, highlights the perilous challenges of doing business...

Party Investigates CNPC Executive Once Seen as Company’s Next Leader

Liao Yongyuan, who oversaw gas pipeline project crossing country, becomes target of inquiry by party graft-buster.

‘China Halts Arms Sales to South Sudan’ (Wait, What?)

Eric Olander & Cobus van Staden
In June, China’s ambassador to Juba, Ma Qiang, publicly declared that Beijing would not sell weapons to any side of the ongoing civil conflict in South Sudan. So it was a bit of a surprise when it was discovered that $38 million of weapons had been...

Caixin Media

08.25.14

His Start in Oil Fuelled Zhou’s Rise to Top Cop

Zhou Yongkang, a former member of the Politburo Standing Committee, the Communist Party's supreme decision-making body, has been the highest ranking Party cadre to be a target of a corruption investigation.The Party's graft fighters...

Russia Signs 30-Year Gas Deal with China

BBC
Russia's President Vladimir Putin has signed a multi-billion dollar, 30-year gas deal with China, 10 years in the making, and worth some $400 billion...

Caixin Media

04.23.14

Graft Inquiry at CNPC Uncovers Shady Deal

A little-known deal related to an equally little-known, yet highly productive oilfield has come to light as a graft investigation unfolds at oil giant China National Petroleum Corp. (CNPC). A businessman with strong ties to officials is behind the...

Caixin Media

04.15.14

New Sichuan Petchem Plant on Shaky Ground

A controversial petrochemical project in the southwestern province of Sichuan quietly went into operation in March, but questions about the China National Petroleum Corp. (CNPC) facility continue to linger.The project is in Pengzhou, a city of 763,...

Caixin Media

03.25.14

State-Owned Oil Firms Invite Outside Investors

Since February, state-owned oil majors have taken steps toward pilots in mixed-share ownership, following central government calls for reforms to state-owned enterprises (SOEs).   After the Chinese New Year, China Petroleum and Chemical...

Caixin Media

01.07.14

Chinese Firm Linked to CNPC Suspected of Fraud in Iraq

Just after the December 29 celebration of the Muslim holiday Ashura in southern Iraq, heads of the Iraqi subsidiary of China National Offshore Oil Corp. (CNOOC) received a letter titled “Suspending all activities of Hermic.”The sender of the letter...

Chad Pushes Back Against China’s National Oil Company

Eric Olander & Cobus van Staden
The Chadian government shut most or all oil operations run by China National Petroleum Corporation (CNPC) over allegations of an oil spill, poor worker safety, and violations of other environmental regulations. CNPC, not surprisingly, denied the...