Table of Contents
Preface vii
Acknowledgments xi
1 Introduction 1
2 Strategic Patterns of Securing Access to Natural Resources 5
Types of Natural Resource Producers 6
Procurement Patterns of a Large Buyer 6
China's Arrangements 7
3 Chinese Investments to Secure Natural Resource Supplies 11
China National Petroleum Company and the Greater Nile Petroleum Operating Company, Sudan, 1996 11
China National Petroleum Company and Sinopec with Petrodar Operating Company, Sudan, 2001 12
China National Offshore Oil Corporation (CNOOC) and North West Shelf Venture, Australia, 2002 13
Sinopec and CNOOC, Angola, 2004 14
CNOOC and Union Oil Company of California (Unocal), 2005 (Aborted) 15
China National Petroleum Company and PetroKazakhstan, 2005-09 17
CNOOC and Akpo Oilfield, Nigeria, 2006 17
Chalco and Aurukun Bauxite Project, Queensland, Australia, 2007 18
Sinopec and Yadavaran Oilfield, Iran, 2007 19
Socomin Joint Venture, Democratic Republic of the Congo, 2008 20
Chinalco and Rio Tinto, 2008--09 (Aborted) 21
China Development Bank Loan to Rosneft and Transneft, Russia, 2009 23
Sinopec and Petrobras, 2009 24
Sinopec's Acquisition of Addax Petroleum, 2009 25
China National Petroleum Company's Development of South Pars Gasfield, Iran, 2009 26
China National Petroleum Company's Development of South Azadegan Gasfield, Iran, 2009 27
Appendix 3A: Background on Smaller Cases 35
4 Rare Earths: A Sophisticated New Resource Model for China? 41
China Surpasses California 42
New Sources of Rare Earths 43
Lithium Supply 44
5 Policy Implications 45
References 49
Index 51
Table
Table 2.1 Strategic patterns of China's 16 largest natural-resource procurement cases 8