| Summary/Abstract |
The article asserts that China’s NOCs have trumped Indian oil companies in four ways. First, Chinese NOCs have more oil blocks in Angola and Nigeria relative to Indian oil companies. Second, NOCs from China are able to outbid Indian oil companies if and when they directly compete for the same oil blocks. Third, Chinese NOCs have better quality oil blocks compared to Indian oil companies. Fourth, Chinese NOCs are preferred as partners by African NOCs and international oil companies. It provides a more comprehensive explanation of the above observations by examining macro level factors such as difference in the economic, political and diplomatic support received by the Chinese and Indian oil companies from their respective governments and foreign exchange reserves and micro level factors such as access to capital, rate of return on investment, pricing of oil and risk aversion.
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