| China is one highest economic growth rates in world. The sustainable development ofnational economy requires stable oil supply; however there is widened gap between demand andsupply in domestic oil market and it is far insufficient to meet needs merely by inlandexploitation. On the whole petroleum supply in world is exceeding the demand and characterizedby an imbalance in production and consumption areas. Under such background, it is inevitablefor Chinese petroleum enterprises to seek overseas investment opportunities. The choice ofappropriate investment mode is vital to success of enterprises. Hence the long-term heated studiesof this in domestic a, but in fact rarely focused on petroleum industry.This paper has studied on modes of Chinese petroleum enterprises overseas investment:Firstly, it elaborated background and significance of the research and accurately defines therelative concepts, theories and areas of study after reviewing the related references home andabroad; secondly, it introduces basic situation such as background, history, subject, scale andlocation of overseas investment of domestic petroleum enterprises, and divides the investmentdevelopment course into three stages and respectively sums up the characteristics of each stage;thirdly, it has made an in-depth analysis of the available investment modes for petroleumenterprises, then classified all modes into five main categories: Co-exploration, Technical Service,Equity Investments, Mergence and Swap for petroleum and compared one with another; Finally,one-to-one correspondence between petroleum project type and available investment modes arepointed out after systematic analysis; influential and decisive factors on investment modes areexplored from angles of object, nation and enterprise, then 'tree' path model as an effectivemethod to select investment mode based on Fuzzy Comprehensive Evaluation on application ofhierarchy theory is created. |
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