Business Ethic: Chinese Oil Company in Africa

Résumé du document

Tripling in the last five years, its trades with the black continent to at $37 billion in 2005, China presents Africa one of its spearheads concerning its world progression and its influence networks. A geopolitical strategy which strongly displeases Western countries, Africa and its raw materials interest is going to be strongly competed. The Chinese growing influence on the African Continent appears as an important Sino-African cooperation. And, Chinese people take a delight in telling that their country is the most important developing nation and Africa is the hugest one. As soon as possible, they evoke the synergy between both sets, pawn, according to them, for a radiant common future. Whatever it is, some facts are undeniable: China needs African raw materials, in counterpart, Africa needs the Chinese know-how, its outcomes, and its end products which are more adapted to its necessities. By this fact, trades are rising with daily oil consumption of 5.46 million of barrels in 2003 and China is becoming the second world trader just behind the United States and in front of Japan. Within this rhythm, Beijing estimates its consumption at 450 million tons in 2020, among which 60 % would result from imports. The Chinese activism in Africa still is a major concern to Europe and in the United States. What is China really looking for on the Continent? How construing is the actual Sino-African connection? Is China a new business model?

Extraits

[...] Gabon indeed appeared at the right place in the new Chinese glance on Africa for a simple reason. is about a petroleum exporting country which opens oneself to new investments in this industry notes the newspaper. Besides, the changes intervened in the economic policies of several African countries which had facilitated the arrival of foreign investments. Countries as Ghana, Zambia Angola and Benin began a revision of their policy concerning investments to improve the local frame, adopting new laws on the private investment.[4] China and its african energy interests Chinese oil corporate and PetroChina place The current Chinese presence in Africa is at first an Oil business. [...]

[...] PetroChina Company is representing practically twice the African continent Gross domestic product (GDP) or near half of the France GDP. With a valuation of about 1000 billion dollars after its listing on the Stock Exchange, PetroChina would weigh the equivalent of the Americans ExxonMobil and General Electric combined. PetroChina was established as a joint stock company with limited liability under the Company Law of the People's Republic of China (the or on November as part of the restructuring of the China National Petroleum Corporation The Company and its subsidiaries (the are the largest oil and gas producer and seller occupying a leading position in the oil and gas industry in the PRC and one of the largest companies in the PRC in terms of revenue and one of the largest oil companies in the world. [...]

[...] Luanda intends even to create through flights with Peking, and it would be question to encourage the construction of a Chinese district in the capital to welcome the Asian executives. With the Chinese offer, Angola couldn't be able to cancel any opportunity to develop its infrastructures. In counter part of hospitals, schools, roads, houses . Angola opened its doors to China and its words. The new African geostrategic way conceived by Peking indeed makes of this market an absolute priority. [...]

[...] Bibliography Courrier international 920 - 19 juin 2008 803 - 23 mars 2006 761 - 2 juin 2005 Books and Reports Drew Thomson, Economic growth and soft power: China's Africa strategy China Brief, Pennsylvania University, December the 4th 2004. A resource-hungry China Speeds Trade with Africa Howard French, The New York Times, August, the 9th Bottom of the barrel: Africa's oil boom and the poor Reports Oil-backed loan will finance recovery projects Integrated Regional Information Networks, February, the 21th 2005. Logan Wright, Seizing an opportunity The Armed Forces Journal, Washington, October Paul Mooney, China's African safari Yale Global, January, the 3th 2005. [...]

[...] With the development of China, the pragmatism took the step on the ideological rhetoric. Until the middle of the 1970s, it was rather a question of building the solidarity between two underdeveloped continents. Anti-imperialist and counterweight in the West, China infiltrated into territories spared by the United States and Soviet Union. It reserved its most ambitious construction sites as well as the agreements of military cooperation to its ideological friends of east Africa (Ethiopia, Uganda, Tanzania, Zambia, etc.) and to the non aligned countries as Egypt. [...]