Related Articles
Forward article link
Share PDF with colleagues

China's oil loans run into trouble

China extended much credit to secure oil supplies. Now it needs borrowers to start repaying

China's policy banks are caught in a cleft stick as some of their massive loans to boost offshore oil flows run into trouble because of political and economic problems in recipient countries. In the wake of the collapse in crude prices, lenders such as China Development Bank (CDB) and Exim-Bank are pouring good money after bad. In its decade-long efforts to mitigate domestic disruptions in the supply of crude with higher flows from abroad, Beijing has pursued two different investment techniques. In one, the deep-pocketed policy banks have swapped infrastructure-targeted debt in exchange for exports of crude back to China, almost exclusively by those nations' state-owned producers. In the ot

Also in this section
PCG—growing into a dynamic future
12 May 2017
PCG charts future growth through petrochemical projects in PIC
Saudi Aramco's shifting strategy
11 May 2017
Saudi Aramco has big plans for expanding its refining capacity and it won’t let oil-price volatility stand in the way, Abdulaziz Judaimi, the company's downstream vice president, says
Canada's great IOC exodus
10 May 2017
International oil companies are fleeing the oil sands for greener pastures elsewhere