IEA has published its new research on Chinese oil companies. The report is full of interesting facts. Also if you follow the sources for graphs you can find valuable reports and presentations such as "Facts Global Energy". My personal feeling is, it is another politically motivated report. Since you can not decouple Chinese Government relations with African countries from Chinese oil companies investments in these countries. However report claims, Chinese oil companies are not the puppets of the government.

IEA facts on China and oil

  • In the next five years, almost half of global oil demand growth will come from China.
  • In 2010, China imported 4.8 million barrels per day of crude oil, up 17.5 % from 2009.
  • By late 2010, Chinese NOCs operated in 31 countries and had equity oil in 20 of these countries.
  • In 2010, China’s NOCs invested nearly USD 16 billion in acquiring assets, such as refineries, in Latin America.
  • 77% of China’s crude oil imports pass through the Strait of Malacca. By 2015, it is estimated that crude oil passing through the Strait to China will rise to 3.5 million barrels per day. In 2009, 3.1 million barrels per day went through the Strait
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