Falling Oil Prices Push Venezuela Deeper Into China’s Orbit

Peter Wilson
Businessweek
The late Hugo Chávez cozied up to China as part of his drive to curb U.S. influence in the Americas. Maduro, like his predecessor, has relied on Beijing to underwrite Venezuela’s flagging socialist revolution and finance the country’s gaping fiscal...

China Corruption Watchdog Launches Inspections, Eyes Sinopec

Judy Hua and Paul Carsten
Reuters
The inspectors, part of China's Central Commission for Discipline Inspection (CCDI), will focus on senior figures within Sinopec who may be promoted to leadership roles...

Viewpoint

11.21.14

What Will Make the U.S.-China Climate Deal Work

Mark Hertsgaard
Nearly everyone agrees that the U.S.-China climate announcement is a big deal, but most observers have overlooked what truly makes it a game-changer: if the world’s two climate change superpowers limit their greenhouse gas emissions, it will have...

Sam Pa, China’s Mysterious Middleman in Africa

Eric Olander, Cobus van Staden & more
Publicly, China's engagement in Africa is purportedly based on “mutual benefit” or, as Chinese officials like to phrase it “win win.” Behind the scenes, though, it's a little more complicated. Many of those multibillion-dollar natural...

Rosneft Proposes Chinese Company Take Stake in Russian Oilfield

Jack Farchy and Lucy Hornby
Financial Times
Rosneft is proposing that China take a stake in one of its largest oilfields—a deal that would deepen energy ties between Moscow and Beijing at a time when the future of western companies in Russia is uncertain.

China Opposes Proposed EU Sanctions Against Russia

Sui-Lee Wee
Reuters
EU proposed sanctions against Russia over accusations Moscow was sending troops into Ukrainian territory, saying the European Union's push to draw up more measures would only complicate the crisis...

China Imports Record Amount of Iranian Crude Oil

Wayne Ma
Wall Street Journal
The import increase comes as U.S. sanctions are loosened.

Infographics

06.20.14

The Problem with Chinese Gas Prices

from Sohu
Implementing higher fuel standards in order to reduce air pollution is a good thing. But the “Big Two” oil companies who control the petroleum industry—Sinopec and CNPC—should take responsibility for the increased cost. Consumers already pay huge...

Vietnam PM Says Considering Legal Action Against China Over Disputed Waters

Rosemarie Francisco and Manuel Mogato
Reuters
Vietnamese Prime Minister Nguyen Tan Dung said his government was considering various "defense options" against China, including legal action, following the deployment of a Chinese oil rig to South China Sea waters Hanoi also claims...

Protestors Torch Factories in Southern Vietnam as China Protests Escalate

Euan McKirdy
CNN
Properties in the Vietnam-Singapore Industrial Parks (VSIP) I & II in Binh Duong were targeted by thousands of protesters demonstrating over China's deployment of an oil rig in disputed waters...

Conversation

05.09.14

The China-Vietnam Standoff: How Will It End?

Daniel Kliman, Ely Ratner & more
Daniel Kliman:Five thousand miles from Ukraine, off the coast of Vietnam, China is taking a page from Russian leader Vladimir Putin’s playbook. Beijing’s recent placement of a huge oil drilling rig in disputed waters in the South China Sea leverages...

Conversation

05.07.14

How is China Doing in Africa?

Tendai Musakwa, Kathleen McLaughlin & more
On his current weeklong tour of Ethiopia, Nigeria, Angola, and Kenya, Premier Li Keqiang announced a new $12 billion aid package intended to address China’s “growing pains” in Africa. China is by turns lauded for bringing development to the...

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...

China May Raise Iran Oil Imports With New Contract: Sources

Chen Aizhu
Reuters
China may buy more Iranian oil this year as a state trader is negotiating a new light crude contract that could raise imports from Tehran to levels not seen since tough Western sanctions were imposed in 2012, running the risk of upsetting Washington.

Caixin Media

11.25.13

Chinese State Oil Scandal Has Links to Iraq

A legal storm that started with China’s largest state-owned oil company has expanded to include Iraq and led to the detention of more people.Mi Xiaodong, a former mid-level official at China National Offshore Oil Corporation (CNOOC) was detained by...

Environment

10.07.13

The Battle Over Ecuador’s Oil Takes New Twist

from chinadialogue
The announcement by Ecuador’s president, Rafael Correa, that he has abandoned a ground-breaking scheme stopping oil operations in the Amazon has led to a wave of protests across the country and speculation about why it failed.The stated aim of the...

Reports

10.01.13

Oil Security and Conventional War: Lessons From a China-Taiwan Air Scenario

Rosemary A. Kelanic
Council on Foreign Relations
In the past, conventional militaries were plagued by wartime oil shortages that severely undermined their battlefield effectiveness. But could oil shortages threaten military effectiveness in a large-scale conventional conflict today or in the...

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...

Chinese Foot-Dragging

The Editorial Board
New York Times
The South China Sea is one of the world’s most strategically important waterways. China has fanned hostilities with other nations with sovereignty claims and confrontations over disputed islands and even specks of rock.

China Likely to Become World’s Largest Oil Importer

BBC
China is likely to overtake the U.S. as the world’s largest oil importer as early as next year.The switch comes as the U.S. continues to boost domestic energy supply while China’s energy demand remains robust.

China’s Economic Empire

Heriberto Araujo and Juan Pablo Cardenal
New York Times
 Beijing’s essentially unlimited financial resources allow the country to be a force in both the developed and developing world, one that threatens to obliterate the competitive edge of Western firms and kill jobs in Europe and America...

Conversation

05.10.13

What’s China’s Game in the Middle East?

Rachel Beitarie, Massoud Hayoun & more
Rachel Beitarie:Xi Jinping’s four point proposal for a Palestinian-Israeli peace agreement is interesting not so much for its content, as for its source. While China has maintained the appearance of being involved in Middle East politics for years,...

Conversation

03.26.13

Can China Transform Africa?

Jeremy Goldkorn, Isabel Hilton & more
Jeremy Goldkorn:The question is all wrong. China is already transforming Africa, the question is how China is transforming Africa, not whether it can. From the “China shops”—small stores selling cheap clothing, bags, and kitchenware—that have become...

Infographics

02.03.13

Where Does Beijing’s Pollution Come From?

David Wertime & David M. Barreda from Sohu
In January alone, a stifling and noxious haze twice enveloped the Chinese capital of Beijing, pushing air quality indexes literally off the charts and inciting widespread outrage both on-line and off. Pollution—and the outcry surrounding it—has...

Caixin Media

06.29.12

Shale Gas Race

The shale gas revolution in the United States has led to a debate in China over shale gas development. But can the United States really achieve energy self-sufficiency? And if it can, what are the implications for China?Ever since the Nixon era,...

Caixin Media

05.31.12

Heading Deep for the First Time

On May 9, China National Offshore Oil Corp.’s (CNOOC) first deepwater drilling platform began operating in the South China Sea. The world-class vessel is stationed in the Liwan 6-1-1 field, about 320 kilometers southeast of Hong Kong, in waters...

Sinica Podcast

07.01.10

What If the BP Oil Spill Happened in China...

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
As Gady Epstein reports in this special dispatch, “some time ago, we reached the China Zone in the BP story.” The China Zone is—for those of you who haven’t heard of it yet—the point at which a reasonable observer will believe almost anything about...

Reports

08.24.08

Energy Interests and Alliances: China, America and Africa

Angelica Austin, Danila Bochkarev, and Willem van der Geest
EastWest Institute
According to conventional wisdom, the United States and China are locked in a high-stakes competition for energy resources around the world, particularly in Africa. Against the backdrop of highly volatile oil prices, mounting concerns about global...