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Chinese overseas oil and gas investment and cooperation had entered a more advanced stage of internationalization after more than 20 years of growth and expansion.Its national oil and gas companies had been shifting from resource-oriented entities to internationalized state-owned companies aiming at investing and profiting.During the process,the companies had been facing more challenges in increasing their commercial value and improving their ability to run business overseas.
Chinese overseas oil and gas investment and cooperation had entered a more advanced stage of internationalization after more than 20 years of growth and expansion. Its national oil and gas companies had been shifted from resource-oriented entities to internationalized state-owned companies aiming at investing and profiting.During the process, the companies had been facing more challenges in increasing their commercial value and improving their ability to run business overseas.