| Africa has plentiful petroleum resources. Its proved oil reserves is only less than Middle East and America. It has been the fourth oil-producing region following Middle East, Europe, former Soviet Union and North America. In recent years, because of the turbulent political situation in Middle East and the high oil price in the world, more and more oil production companies pay attention to Africa which has great potential to produce oil. Africa has become the hot spots for oil and natural gas exploration. China has nearly 10-year history of petroleum cooperation with Africa. Therefore, to study the motivation of Chinese petroleum companies investing in African is significant for them to realize multinational operation in theory.Chinese petroleum companies'investing in Africa accord with the development regulation of FDI for the developing countries. The existed theories of FDI for the developing countries have provided a lot of revelation for Chinese petroleum companies investing in Africa. But they neglect the economic environment, economy developing level and structure, world economic environment etc., which the companies have to face. Therefore, they can't explain the motivation of Chinese petroleum companies to invest overseas and multinational business very well. From the related FDI theories, this article explains the motivation and geographic directions of Chinese petroleum companies to invest in African, considering the characteristics itself of Chinese petroleum companies and investment environment in main oil producing countries. It analyzes the motivation of Chinese petroleum companies to invest African to combine the four main factors that are Chinese macroeconomic policy, developing strategy of Chinese petroleum companies, the comparative advantage of Chinese petroleum companies, the location advantage of oil-producing countries. Then, it can build the basis in theory and policy for Chinese petroleum companies to prompt their investment in African. |
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