Back to Search Start Over

Revival of the Silk Road in Terms of Energy Trade.

Authors :
Demır, İdris
Source :
Gaziantep University Journal of Social Sciences. Dec2010, Vol. 9 Issue 3, p513-532. 20p.
Publication Year :
2010

Abstract

Energy Silk Road between China and Central Asia has established a kind of interdependence among the participants. Interdependence among the parties that has initialized with the use of energy trade has transcended to other areas as well. Each party has benefited from this engagement in different ways. Central Asian states have huge hydrocarbon potentials which are not explored completely. Central Asian states seek foreign participation in developing their hydrocarbons. In addition, Central Asian states are looking for foreign participants in order to transport their hydrocarbons to consumption markets. In this context, there are many actors that want to be active and influential in Central Asian energy calculations. China has appeared out to be a prominent figure among other actors. China finds an opportunity to access crude oil by participating in equity shares in different production areas of the region. Moreover, China finds an opportunity to buy crude oil from her border neighbors by the use of pipelines. China buys crude oil mainly from the Middle East. Transportation route between China and the Middle East is under the dominance of the navy of the United States. Therefore, China attaches great importance to Central Asian sources and routes. Central Asian states do not want to rely only to Russia and/ or the United States in formulating various alliances. These newly independent states want to establish economic, political and diplomatic relations with different partners. Energy cooperation between China and Central Asian states has proven to be beneficial for both sides in many aspects. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
13030094
Volume :
9
Issue :
3
Database :
Academic Search Index
Journal :
Gaziantep University Journal of Social Sciences
Publication Type :
Academic Journal
Accession number :
57311178