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Economic Analysis: Theory and Practice

The influence of geopolitical factors on the internationalization strategies of Chinese State-owned oil and gas companies

Vol. 22, Iss. 2, FEBRUARY 2023

PDF  Article PDF Version

Received: 13 December 2022

Received in revised form: 27 December 2022

Accepted: 10 January 2023

Available online: 28 February 2023


JEL Classification: E22, E23

Pages: 335–347


Wu SHUANG Lomonosov Moscow State University, Moscow, Russian Federation

ORCID id: not available

Subject. The article addresses strategies of internationalization of Chinese State-owned oil and gas companies.
Objectives. The purpose is to investigate the influence of geopolitical factors on the internationalization strategies of Chinese State-owned oil and gas companies.
Methods. The study rests on general scientific research methods.
Results. The study revealed that Chinese State-owned oil and gas companies are actively expanding in various macro-regions of the world. This enables China to provide its dynamically growing economy with energy resources, diversify risks, reduce dependence on individual countries and, as a result, increase the country's energy security. The internationalization strategy implemented at the State level in the oil and gas sector meets the modern geopolitical realities, which for China are characterized primarily by the tough opposition of the United States in the international arena. This struggle is going on using various economic, political, social and information tools.
Conclusions. The geopolitical confrontation forces China to develop and implement comprehensive strategies for international expansion, concentrate significant resources on the most important areas, make efforts to establish long-term partnerships with foreign countries in various regions of the world. In this confrontation, the current political and economic model in China, in which control over strategic energy assets is in the hands of the State, plays an important role.

Keywords: State-owned oil and gas company, internationalization strategy, international expansion, geopolitical factor


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ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

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Vol. 22, Iss. 2
February 2023