China’s New Foray into U.S. Energy Market Shows Evolving Strategy

News arrived this week that the second-largest oil company in China has agreed to pay $900 million, and contribute as much as $1.6 billion to future drilling costs, for a one-third stake in five American exploratory oil projects. The foray into American energy investment, the first by China Petrochemical Corp., known as Sinopec, comes in the form of a partnership with Oklahoma-based Devon Energy Corp. to develop shale reserves. “It’s a marriage of convenience and opportunity,” said Clayton Dube, associate director of the University of Southern California’s U.S.-China Institute. “This is further evidence of Chinese firms and the Chinese state […]

Keep reading for free right now!

Enter your email to get instant access to the rest of this article, get five free articles every 30 days, and to receive our free email newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having your own personal researcher and analyst for news and events around the globe. Become a member now, and you’ll get:

  • Immediate and instant access to the full searchable library of 15,000+ articles
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday
  • Daily links to must-read news, analysis, and opinion from top sources around the globe, curated by our keen-eyed team of editors
  • Weekly in-depth reports, including features on important countries and issues.
  • Your choice of weekly region-specific newsletters, delivered to your inbox.
  • Smartphone- and tablet-friendly website.
  • Completely ad-free reading.

And all of this is available to you — right now for just $1 for the first 30 days.

More World Politics Review