A Hazardous Game – The Strait of Malacca
... that China is keen on equity investment which gains exploration/drilling/infrastructure rights, secures a guaranteed production percentage or acquires entire firms, while adding points I am yet to say. They stress that China’s majors (CNPC, Sinopec and CNOOC) have become increasingly dynamic in dozens of nations due to a state policy of “going-out”, which is a result of a stagnating domestic output, increasing demand and the Malacca Dilemma. Moreover, these majors favour unstable states with high corruption as this way competition from international oil firms is minimised which allows 'strongholds' to be build. Essentially, they follow an altered business ...