China's Oil Supply Dependence

China is aggressively looking worldwide for oil. The major Chinese state oil companies: China National Petroleum Corporation (CNPC), and the China Petrochemical Corporation (Sinopec) are the leaders behind such initiatives. The other state sector firm in China is the China National Offshore Oil Corporation (CNOOC), supported by its

In particular, PetroChina is determined to on-take oil/gas infrastructure development projects and to acquire equity in oil industry assets. PetroChina is responsible for 75 projects in 29 countries and is the world