TITLE:
Oil, Gas and Energy Business under One Belt One Road Strategic Context
AUTHORS:
Md. Nazirul Islam Sarker, Md. Altab Hossin, Yinxiao Hua, Md. Kamruzzaman Sarkar, Nitin Kumar
KEYWORDS:
OBOR, One Belt One Road, Energy, Global Economy, International Trade
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.6 No.4,
April
23,
2018
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.