Outmuscling China
The race between China and India for global oil resources was over before it started. From Central Asia to Africa, China’s large and powerful national oil companies outmuscled their smaller Indian counterparts. But the recent plummet in international oil prices, from a peak of $115 per barrel in mid-June to below $70 in early December, presents a rare opportunity to India.
DIIS senior researcher Luke Patey writes for The Hindu that if lower oil prices are sustained throughout next year, Indian national oil companies will find the cost of overseas mergers and acquisitions more affordable and discover Chinese competition to be less severe.Read the full article.
Patey also recently spoke with China Dialogue about his book, The New Kings of Crude. He argued that China’s experiences in Sudan and South Sudan forced Chinese and Indian oil companies to become more responsible global citizens. Read the interview.
Bloomberg also interviewed Patey about his research on South Sudan. He discussed the security impact of the entry of ex-Blackwater Chief’s firm into South Sudan’s oil industry and reflected on the 1st anniversary of South Sudan’s civil war.
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