The making of China’s oil giants overseas

In the past two decades, China’s national oil companies have become new players in the international oil industry. But when they first entered the global scene, Chinese NOCs held few competitive advantages over international oil companies. They lacked the organizational capabilities and expertise to manage large projects overseas and had little experience with political and security risk.

In a new article for the Journal of Contemporary China, Luke Patey argues that political, social and security dynamics in the host countries of large Chinese investments can play a transformative role in shaping the competitiveness and strategy of these new and large corporations in the global economy.

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