New Challenges, New Opportunities and New Measures for Oil and Gas Cooperation in the Belt and Road

Abstract

First-mover advantage and solid foundation of oil and gas cooperation is very important to the Belt and Road Initiative. Deeply studied opportunities and challenges of oil and gas cooperation have far-reaching significance to the cooperation in other industries in the Belt and Road. In this article, based on the systematic analysis of the oil and gas supply security, investment environment, regional win-win situation in oil and gas cooperation, new opportunities and challenges about upstream, pipeline, refining, trade, warehousing, engineering technology and equipment are studied. Enhancing capacities in four areas and implementing the 16 measures are given for deepening oil and gas cooperation in the future. Meanwhile, this article also gives suggestions and cooperation directions for countries and companies.

Keywords

the Belt and Road / oil & gas cooperation / new challenges / new opportunities / new measures

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RIGHTS & PERMISSIONS

2016 The Author(s) 2016. Published by Higher Education Press. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0)