Currently holds 3% of world's oil reserves
--> 18b. barrels of oil reserves
--> China was self-sufficient until 1993; it's recent economic boom meant
an increased reliance on imports
--> Rapid industrialisation + demand for energy have turned it from net exporter of oil into a net importer
Reliant on coal for 70% of energy production
--> on average, China builds 3 coal power stations/week (in 2006, it added the capacity of France to its national grid)
--> coal use has doubled since 1990
--> CO2 emissions now exceed UK
2005 - PetroChina was 7th in the top 20 oil companies
(90% state owned, not really considered a TNC)
Production of solar cells --> prices fall --> can sell to developing countries
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India - Africa
India - China is in conflict with India --> political rivalry
Both countries are developing at rapid rates, as is their energy demand. Therefore there is conflict over available energy and who will have access to it
East Siberia-Pacific Oil Pipeline
--> will allow China (and India) to receive oil from Russia
--> competition with Japan as they also wish to extend their supplies due to very few of their own reserves (similar to China)
Africa - bilateral agreements ensuring oil supply
--> oil being prioritised over humanitarian concerns in Sudan
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