Financial Risk Assessment And Prevention Mechanism In Oil And Gas Cooperation Based On Belt And Road

“Belt and Road” strategic vision is an important strategic layout of China's grand peripheral diplomacy in the new period.As the international situation of energy and geopolitics keeps changing and China's energy demand continues to increase at a high speed,our country will be facing a very severe situation of energy security for a quite long period in the future.Countries along the Belt and Road are not only the major origins of oil and gas our country imports from overseas,but also the exit for our country to release the capacity of energy-related equipment.The degree of cooperation between this area and our country in terms of oil and gas is of great significance for solving the actual risks that China faces in terms of oil and gas security and for guaranteeing the supply to our country's huge demands in the future.The cooperation in the field of oil and gas under “Belt and Road” strategy involves a large amount of capital flow,and financial risk assessment and prevention become an important research topic in various cooperation projects in the field of oil and gas.Therefore,under “Belt and Road” strategic vision,it is of great academic value and practical significance to enhance the study on financial risks involved in “Belt and Road” oil and gas cooperation.In this paper,firstly the author introduces the background of proposing “Belt and Road” strategy and discusses the meaning of the strategy.Based on the analysis of current situation of oil and gas cooperation between China and countries and areas along Belt and Road,the author summarizes the current situation of such cooperation between China and countries along Belt and Road,and the financial risks they might encounter.In accordance with the summarized and abstracted financial risks,a risk assessment system for “Belt and Road” oil and gas cooperation is established in this paper.By means of the questionnaire survey,the author consults experts in the energy industry for their opinions on determining the weight of each index in the assessment system.And then the author adopts the analytic hierarchy process to calculate theweight of each index in the system.Finally,the authors puts forward corresponding guidance and advices for our country to comprehensively analyze and think about identifying and avoiding financial risks in advance while our country is cooperating with different types of countries in the field of oil and gas.