Chinese Oil Investments in Latin America: Evolution, Behavior, and Motivations
The chapter offers a panoramic overview of the Chinese oil industry, Chinese NOCs in relationship with the Chinese government, and Chinese oil interests in Latin America. Chinese NOCs are characterized as complex political economic agents that carry dualistic features of furthering political mandates and simultaneously showing autonomy from the government to gravitate toward corporate objectives. Although negative voices regarding their social images in Latin America abound, a systematic analysis of evidence discovers many instances of positive impacts in host societies. Indeed, these companies must be evaluated on a case-by-case basis, with attention to the particular sociopolitical environment they face in each investment setting. In other words, this chapter establishes an empirical context of Chinese oil investments in Latin America.