Energy Investment Environment Evaluation Of Main Energy Cooperation Countries In "The Belt And Road"

In May 2017,the National Development and Reform Commission and the National Energy Administration jointly formulated and released the “Vision and Action for Promoting the Energy Cooperation between the Silk Road Economic Belt and the 21 st Century Maritime Silk Road”,pointing out that strengthening the energy cooperation in “the Belt and Road” is conducive to driving greater scope,higher levels,and deeper regional cooperation to promote world economic prosperity.The document also pointed out that countries should strengthen cooperation in seven areas,such as energy investment cooperation.In this context,for multinational energy investment companies,a comprehensive evaluation of the investment environment of the target investor country is the key to ensuring that the investment company chooses the right investment location,reduces investment risks and obtains reasonable investment income.The main focus of this paper is energy investment cooperation in “the Belt and Road”.Under the guidance of relevant theories of international economic cooperation,the major energy cooperation countries in “the Belt and Road” were identified by the perspectives of the three chains of industrial chain,supply chain and value chain.The energy investment environment of the major energy cooperation countries in “the Belt and Road” were evaluated by using a comprehensive evaluation model based on the combination of analytic hierarchy process and entropy method.Finally,the corresponding investment suggestions were put forward.The results of this paper show that Iran,Russia,Saudi Arabia,Singapore,United Arab Emirates,Qatar,Israel,Slovenia and India are the main energy cooperation countries between China and the countries along “the Belt and Road”.At the same time,Russia has the highest comprehensive evaluation level among the nine major energy cooperation countries,and it is the priority choice for overseas energy investment by investment entities such as China's multinational energy investment enterprises.