 This report tracks the reasons behind China&rsquos successful rise in Africa&rsquos energy sector, once almost the exclusive preserve of Western oil companies. In the short space of six years the Chinese oil presence in Africa has gone from one isolated outpost to a spread that covers nearly half the continent.
The People&rsquos Republic of China (PRC) has embarked on an aggressive campaign to capture large parts of the African oil and gas sector. Facing accelerated oil imports by the turn of the 21st century, Chinese policymakers made a strategic decision to diversify and secure energy supplies across the globe, accentuated by the 9-11 crisis which starkly highlighted China&rsquos mismatched reliance on unstable Middle East oil supplies.
A &ldquogo out and buy&rdquo strategy has seen Chinese oil companies move into Africa, Central Asia and South America to secure new energy oil supplies.
The report takes an in-depth look at thei |
