Outward Foreign Direct Investment In Oil&Gas Energy Industry:Facts And Determinants

In recent years,global economy has been developing at an accelerating pace with soaring demand for oil and gas resources,facilitating unprecedented development for international cooperation in oil and gas industry.Against the backdrop of global integration,China has put forward the Belt and Road Initiative to deepen international energy cooperation,boost investment in foreign countries and facilitate multinational operation for those qualified enterprises.Yet influenced by several facts and determinants,the investment of oil & gas sector of our country varied in different foreign markets and in performance.This thesis streamlines and analyses factors that influence foreign investment of oil & gas and provides strategic guidelines for provides guidelines for oil and gas enterprises to rationally make investment plan and rationally invest in overseas market.It's of great significance in promoting quality,profitable and sustainable development.In the first part,this thesis summarizes research theories related to oil & gas investment both at home and abroad,analyses the global oil & gas reserves and distribution.Then it gives a detailed analysis over a description of domestic oil & gas reserve and consumption,coming to the conclusion that oil & gas industry at home is highly reliant on international cooperation at current stage.In the following part,by streamlining the milestones,investors,fields,regions,scales and returns of international investment of oil & gas industry in China,this thesis elaborates on the current condition of overseas investment of domestic oil and gas industry in China and puts forward its main influential facts and determinants.In the next part,this thesis applies panel model with reference to quoted data to provide a qualitative and quantitative analysis of the factors that influence overseas investment of oil and gas resources in China.On this basis,the thesis carries out indepth analysis of the development level of countries picked up by this thesis.Furthermore,this thesis takes a real outward foreign direct investment of an internal oil & gas giant for example to further verify the theories and conclusions in this thesis and the conclusion drawn out by quantitative analysis.In the last part,based on the content of the study,this thesis gets a conclusion of oil & gas reserve,economic development,sci-tech development and production cost being the main contributors.Furthermore,this thesis puts forth reasonable advices from two sides of investors and investment area choosing for China's oil & gas industry investing in overseas market,which would better guides such endeavors and facilitate the high-quality,profitable and sustainable development of overseas investment for China's oil and gas industry.