2018 Oil, Gas and Energy Business under One Belt One Road Strategic Context 16页

Open Journal of Social Sciences, 2018, 6, 119-134

Abstract
One Belt One Road (OBOR) Initiative of China is a mega and historical
project which facilitates international oil, gas and energy trade and connects
people over the world. This article examines the oil, gas, and energy business
status under OBOR. It also explores the risk associated with oil, gas and energy
business under OBOR initiative of China. The article used secondary
sources extensively. The article reveals that China is the top-level energy importing
country and the strategy of OBOR is favorable for oil, gas and energy
business for all partner countries of OBOR. It also explores the potential risk
for oil, gas and energy business under OBOR like political risk, economic risk,
investment environment, resource potential, environmental constraints and
Chinese factors which can be minimized by using two risk free economic corridors
viz. China-Pakistan Corridor (CPEC) and Myanmar-China oil pipeline.
The article suggests that a strong initiative should be taken by the government
to implement OBOR strategy for creating favorable investment opportunities
in China especially for Middle Eastern countries like Saudi Arabia, Russia,
Kazakhstan, and Pakistan.
Keywords
OBOR, One Belt One Road, Energy, Global Economy, International Trade