Research And Evaluation On Oil And Gas Investment Environment In Central Asia-Caspian Sea Region

The development of China's economic and social keep high-speed, is in stage of post-industrial which a large number raw materials and its products energy consumption. In recent years, especially as China's process of modernization of industrialization and urbanization, internationalization, information technology and infrastructure to speed up, the demand of domestic oil and gas rising year-on-year, the contradictions between supply and demand of oil and gas has become increasingly prominent. In this context, the oil companies are seeking overseas oil investment, so overseas investment research is becoming important.China's neighboring countries are rich in oil and gas energy reserves, especially in Central Asia - Caspian Sea region. Central Asia - Caspian Sea region has the advantages of energy resources, location and good development opportunities, the research and analysis of cooperation with Central Asia-Caspian Sea region is good for China's oil enterprises to participate in the joint development and utilization of the region's rich oil and gas resources, especially for China's energy "west" strategy to increase the "going out" and set up a reliable system for offshore oil and gas supply has important practical and strategic significance.This study is aimed to provide decision-making reference to look for investment objectives, through the comprehensive evaluation and analysis of the investment environment. The paper is divided into four, qualitative and quantitative methods, comparative analysis and empirical research combining are used to conduct a detailed analysis of the elements and factors of resources, in Central Asia-Caspian Sea region. From political, policy factors, economic, infrastructure constructed four evaluation index system, carried out a detailed calculation. Then use of the advantage theory and OIL theory ,came to the conclusion that Kazakhstan, Turkmenistan's oil and gas investment environment are best, and the risk is lower, so they are the ideal investment target country for China's oil companies. Russia, Iran, Uzbekistan's oil and gas investment environment are better, there are also possibilities of cooperation; Azerbaijan, Kyrgyzstan and Tajikistan, the overall oil and gas investment environment are poor, and because of geopolitical factors, resource constraints, three is unlikely to carry out cooperation with its oil and gas resources.