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China's loans for oil: asset or liability?

Subtitle:
OIES Paper: WPM 70
Abstract:

China’s leaders have long been concerned with the strategic vulnerabilities associated with rising oil imports. In their efforts to hedge against these, Chinese policy banks have handed out loans that are repaid with oil. By 2015, repayment for these loans generated 1.4-1.6 mb/d of crude and fuel oil deliveries from Venezuela, Russia, Brazil, and Ecuador to Chinese state owned traders. At the same time, China’s national oil companies (NOCs) have been actively investing globally in upstream pr...

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Publication status:
Published
Peer review status:
Peer reviewed

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Department:
Oxford Institute for Energy Studies
Role:
Author
Publisher:
Oxford Institute for Energy Studies Publisher's website
Publication date:
2016-05-12

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