Where's the Oil in
Asia? China and India Team Up
Dr. Bill Belew
Issue III - June 22, 2006
Introduction by Mr. Stolyarov:
Dr. Bill Belew explains how Chinese and Indian oil companies have
collaborated to purchase an oil field in Syria and therefore have found
ways around the Far East's scarcity of oil deposits. Instead of engaging
in political conflict and confrontation, China and India have decided to
take the route of economic cooperation -- which will enrich their
residents in the end.
Asia has a paltry 5% of the world's oil reserves.
Compare that to the former Soviet Union which has more than one fifth
(20.8%) and Africa and the Middle East, which have nearly 2/3s of the
oil reserves (60.5%).
What to do...China National Petroleum Co. and India's Oil & Natural
Gas Corp. teamed up to buy a Syrian oil field!
I thought about doing that once -- buying a gas station. But then, I
realized I still had to buy the gas before I could pump it out.
The reason India and China went in to buy the field together was so
that they didn't bid each other out of a fair price for the field. Now,
that sounds smart to me.
Why can't other countries find a similar working relationship?
What do you think?
Dr. Bill Belew is a former Intelligence
Officer for a Destroyer Squadron. He lived 20 years in Japan, where he
started a language school for Japanese
Dr. Belew teaches classes for a vocational school and online for a
See Dr. Belew's blog,
for news and discussions about business and current events in Russia and
for Dr. Belew's reports on business in China,
on business in Japan, and
TheBizofKnowledge on business education.
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