Map: Conquering the World One Contract at a Time

A glance at some of China’s strategic acquisitions worldwide

Alberta, Canada

China has many millions invested in oil projects in Canada. Sinopec owns a 9 percent stake in Syncrude and 50 percent of Total’s planned Northern Lights Project. PetroChina owns a 60 percent stake in Athabasca Oil Sands Corp.’s Mackay and Dover projects. China Investment Corp. owns 20 percent of Suncor Energy Inc.’s Fort Hills oil sands project.


Angola exports more oil to China than Saudi Arabia does. In 2004, Angola allowed Sinopec to buy a 50 percent stake in a deep-water oil field called Bloc 18.


CNOOC bought a 50 percent stake in Argentina’s Bridas Corp. for $3.1 billion. It is also negotiating buying a 60 percent stake in Argentina’s Pan American Energy for around $10 billion. China also has $10 billion in railway contracts.


PetroChina allied with Royal Dutch Shell to take over Arrow Energy in August, and now co-owns the formerly Australian firm that focuses on unconventional energy reserves. China may have up to 30 trillion cubic meters of unconventional natural gas deposits. As well as sending gas back to the mainland, China will use Arrows technology to tap its own gas reserves.


Though Australia has not allowed them to buy its mining giants outright, Chinese firms invested nearly $8 billion in Australian mining between June 2008 and June 2009. In June 2009, Chinese Minmetals bought many of Oz Minerals’ assets. China’s Angang Steel is working with an Australian mining firm to develop the Karara iron ore project, with most of the funding for the project coming from the China Development Bank. The bank funds several other iron ore projects.


China’s Development Bank offered to lend Bolivia $15 billion to develop an iron ore deposit. Most of the loan would be paid back using iron produced from the deposit.


Chinese oil companies have made many deals in Brazil. Sinopec invested $7.1 billion in the Brazilian arm of Spain’s Repsol oil companies; this gave it a 40 percent stake in Repsol’s Brazilian venture. The Chinese Development Bank lent $10 billion to Brazil’s Petrobas; in return, Petrobas agreed to sell Sinopec 200,000 barrels of oil per day (10 percent of its total production) for 10 years. Sinochem bought a 40 percent stake in Brazil’s offshore Peregrino oil field from a Norwegian firm for $3.07 billion.


China’s Minmetals established a joint venture with Chile’s CODELCO to mine over 55,000 tons of copper ore.

Dem. Rep. of the Congo

China lent the country $5 billion in exchange for the right to mine resources including cobalt, copper and timber.


Andes Petroleum Corporation, a joint venture by Chinese oil firms, bought all of Canadian oil firm EnCana’s shares in subsidiary companies based in Ecuador for $1.42 billion in 2005.

Laos and Myanmar (Burma)

Several Chinese rubber firms have contracts to farm rubber.


The Chinese government has invested $800 million to modernize the country.

New Zealand

Bright Food Group, owned by the Chinese government, bought Synlait, New Zealand’s third-largest dairy processor.


Nigeria paid China’s CCECC $8.3 billion to update the nation’s railways.GreeceChina has taken control of Greece’s largest port. It has agreed with Greece to spend $700 million modernizing the facility. It has also promised to buy Greek bonds at the next bond auction.


China’s Aluminum Corporation bought Peru’s Copper Inc. for $792 million. Chinese firms have invested $1.4 billion in the nation.


Russia sends 200,000 barrels a day of oil to China. China just opened its section of the East Siberia-Pacific Ocean pipeline, where 300,000 more barrels a day of oil are expected to flow. China has lent $25 billion to the project. CNPC is working with a Russian energy company to build a $5 billion refinery. They should sign an agreement with LUKoil to export Uzbek gas to China. Russia may soon export natural gas to China.

Saskatchewan, Canada

A consortium led by Sinochem Corp. is rumored to be interested in buying Potash Corp., the world’s largest producer of fertilizer.


China has invested $4 billion in oil production and port development in the nation.


Sinopec bought Switerland’s Addax Petroleum Corp. for $7.2 billion, gaining access to oil fields in the Kurdistan region in Iraq and in West Africa.

Tasmania, Australia

Firms from China and other countries are causing a political stir, as many call for regulations on foreign firms buying Australia’s land. A Tasmanian real estate agent reported that China had a strong interest in dairy farms in the north of the island.

Texas, USA

CNOOC is offering up to $2.2 billion for a 1/3 stake in Chesapeake Energy assets. This may give it access to American knowledge on drilling in areas that have dense shale rock.


China’s CNPC paid $900 million for access to oil deposits in Venezuela’s Orinoco region. China has lent Venezuela $4 billion so far, and has offered to lend up to $20 billion.


CNMC has hundred of millions invested in Zambia’s copper mining and smelting industries. It plans to invest $600 million more.


China International Water and Electric Corp. has received rights to grow a quarter million acres of corn. China bought that amount of land in June 2008.