Understanding Of Foreign Direct Investment Law In The Oil And Gas Fields:on Chinese International Legal Energy System

With the further development of internationalization of production, the pattern of international investment has also undergone a new change. Although there is a long history of the cooperative development of petroleum resources in the international community and this cooperative development has experienced a tortuous development process, the national oil legislation is becoming efficient.This paper is entitled "Understanding of Foreign Direct Investment Law in the Oil and Gas Field and the China International Energy Legal System." The paper talks about the understanding of foreign direct investment law about oil and gas field in China and Kazakhstan using the knowledge of the international investment law. This paper mainly discusses around China and analyses the international cooperation between two countries in oil and gas field by using some cases.The first part describes the international cooperation development of the oil and gas resources. It makes a general overview of international cooperation development of oil and gas resources at first; and then analyzes the legal characteristics, as well as the basic mode, practices and relevant provisions.The Second part gives some knowledge about China, as a capital-exporting country, in oil and gas field. This part introduces the overseas investment legal system of the capital-exporting countries generally, and then discusses the Chinese-way to manage and encourage the overseas investment, especially in oil and gas field. A case about investment from China to Kazakhstan in oil and gas field is used to analyze the protection of foreign investment in capital-exporting countries. Meanwhile, this part also describes the related agreements between two countries so as to introduce the general settlement approach of international investment disputes.Since reform and opening up, the Chinese government has paid special emphasis on attracting foreign investment. Thus there is no exception in oil and gas field. The third part mainly introduces the provision of China which as a capital-importing county based on the Foreign Investment Law. Such as the protection and encouragement of foreign investment, especially in the oil and gas field, the conditions to enter and the management after entering.This paper focuses on the legal system how China treats with the foreign direct investment in oil and gas field. The paper discusses the encouraged and restrictive policies in foreign direct investment countries as well as the legal problems of international cooperative development in oil and gas field, dividing China into such two aspects as capital-exporting country and capital-importing country. Meanwhile this paper compares the direct investment laws between China and Kazakhstan so as to make a deep understanding of the foreign direct investment law in oil and gas field.