Thirst for African Oil: Asian National Oil Companies in Nigeria and Angola
The report provides a comparative study of the impact of Asian companies on the two leading oil producing countries in sub-Saharan Africa, Nigeria and Angola.
The report shows that Asian companies that gained a foothold in the Nigerian oil sector in return for their commitments to invest in downstream and infrastructure projects failed to understand the political context of the time.
The report considers why, in contrast, the Chinese oil strategy has been so successful in Angola to the detriment of other Asian national oil companies and international oil companies; how Angola emerged as the second largest supplier of oil to China in 2008; how Chinese oil companies have negotiated deals; and what the benefits are for Angola.
China's experience is compared with those of India, South Korea and Japan.
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