Publication Type
Journal Article
Version
publishedVersion
Publication Date
4-2016
Abstract
Since China became a net oil importer in 1993, oil refineries have played integral roles in China's quest for oil security. And yet, the capacity, security, and configurations of refineries were rarely featured in the discussions about China's oil policy. To fill this gap, this paper explains the basics of refinery economics and technology, and details the development in China's refining industry since the early 1990s. By taking refineries into consideration, it then revisits and reassesses the existing literature regarding the motives and drivers behind China's foreign oil policy, its effectiveness, and the political interactions between China and crude oil producers.
Keywords
China’s energy security, refineries, oil trade, Chinese foreign policy, technology
Discipline
Asian Studies | Energy Policy | Portfolio and Security Analysis
Research Areas
Political Science
Publication
Pacific Review
Volume
29
Issue
3
First Page
361
Last Page
386
ISSN
0951-2748
Identifier
10.1080/09512748.2015.1022584
Publisher
Taylor & Francis
Citation
KIM, Inwook.(2016). Refining the prize: Chinese oil refineries and its energy security. Pacific Review, 29(3), 361-386.
Available at: https://ink.library.smu.edu.sg/soss_research/2476
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1080/09512748.2015.1022584