Strategic Research On Foreign Direct Investment Of Chinese Petroleum Enterprises

With the rapid development of China's national economy, oil supply and demand more and more stand out as a constraint to economic and social development bottleneck. Although some of China's oil resources, but still can not meet the actual needs. Therefore, the appropriate import some oil is inevitable. Since 1993, China became a net oil importer, is the world's fastest growing oil imports and consumption of the country. According to June 2008 release of "BP energy statistics report 2007",data from 1993-2007,China's average annual petroleum consumption growth rate of 8.03%,while oil production average annual growth rate of 1.74%.2009 China's dependence on foreign oil has broken 50% of the international alert line.Therefore,in order to ensure stable, adequate oil supply, China's oil companies should speed up the pace of foreign direct investment, making full use of foreign market in order to safeguard national economic development and military security.In this paper, qualitative analysis and data analysis, a combination of methods, the oil supply and demand status of China's current foreign direct investment in the background, oil companies a competitive advantage, as well as the present stage of China's foreign direct investment in the oil business status and the main existing problems were a systematic analysis of regional selection and mode selection put forward their own views. Finally come to this conclusion:in the world of economic globalization, international background, in the 21st century goal of comprehensively building a well-off society, China's high dependence on foreign oil is inevitable, China's oil companies must overcome their own lack of development, learn from multinational oil companies, investment experience, take the appropriate investment to strengthen geographical advantages and disadvantages of investment analysis, active and effective implementation of the "Going Global" strategy through foreign direct investment, to achieve a stable source of oil, and safeguard China economic development.