Isaac Scientific Publishing
Journal of Advances in Economics and Finance
JAEF > Volume 2, Number 2, May 2017

Chinese Stated-owned Oil Companies in the U.S.

Download PDF  (360.4 KB)PP. 67-82,  Pub. Date:May 17, 2017
DOI: 10.22606/jaef.2017.22001

Shiwei Jiang
Old Dominion University
This article examines the cases of Chinese state-owned oil companies in the U.S., including PetroChina, Sinopec and China National Offshore Oil Corporation (CNOOC). The author provides novel explanations why they failed in the U.S. market. With detailed analyses, the author comes to conclude that the failures of Chinese state-owned oil companies were caused by three major barriers, including CFIUS, Anti-China interest groups of U.S. Congress and the cultural differences between relation-based society and rule-based society.
Chinese state companies, U.S. market, oil industry
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