Isaac Scientific Publishing

Journal of Advances in Economics and Finance

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

Author(s)

  • Shiwei Jiang*
    Old Dominion University

Abstract

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.

Keywords

Chinese state companies, U.S. market, oil industry

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