Sinopec - Fueling China's Economy
Seminar Paper
SINOPEC
International Business in Chinese Enterprises
Table of contents
List of Abbreviations ......................................................................................................................3 1. Introduction ................................................................................................................................1 2. Development ..............................................................................................................................1 2.1 History of the company ........................................................................................................2 2.2 Political Influences ...............................................................................................................2 2.3 Internationalization process ..................................................................................................3 2.3.1 Entry modes – Literature ...............................................................................................3 2.3.2 Entry modes – Sinopec ..................................................................................................6 2.3.3 Assessment of Sinopec’s internationalization theory ....................................................7 3. Domestic and foreign markets ....................................................................................................9 3.1 The global crude oil and natural gas market ........................................................................9 3.1.1 Scope .............................................................................................................................9 3.1.2 The shift in crude oil ownership ..................................................................................10 3.1.3 The need for direct foreign investments
SINOPEC
International Business in Chinese Enterprises
Table of contents
List of Abbreviations ......................................................................................................................3 1. Introduction ................................................................................................................................1 2. Development ..............................................................................................................................1 2.1 History of the company ........................................................................................................2 2.2 Political Influences ...............................................................................................................2 2.3 Internationalization process ..................................................................................................3 2.3.1 Entry modes – Literature ...............................................................................................3 2.3.2 Entry modes – Sinopec ..................................................................................................6 2.3.3 Assessment of Sinopec’s internationalization theory ....................................................7 3. Domestic and foreign markets ....................................................................................................9 3.1 The global crude oil and natural gas market ........................................................................9 3.1.1 Scope .............................................................................................................................9 3.1.2 The shift in crude oil ownership ..................................................................................10 3.1.3 The need for direct foreign investments
References: Bloomberg. Sinopec Agrees to Acquire Occidental 's Argentina Unit for $2.45 Billion; (Bloomberg News, 2010) Bloomberg. Sinopec, Sibur Agree to Form Rubber Ventures in China, Russia; (Bloomberg News, 2011) Brütsch, C., Hulbert, M. 2010. Keine Stabilität durch Instabilität: die paradoxe Ressourcendiplomatie Chinas Dunning, J. 2000. The eclectic paradigm as an envelope for economic and business theories of MNE activity Hill, C. 2012. International Business: Competing in the global marketplace (9th ed.). New York: McGraw-Hill Companies Inc. Johanson, J., Vahlne, J.-E. 2009. The Uppsala internationalization process model revisited: From liability of foreignness to liability of outsidership