Abstract:

Stable political and economic environment，relatively liberal oil policies and regulations and fiscal terms provide good opportunities and prospects for the Chinese oil companies to develop in Oman. CNPC has participated in the managementand decision making by setting joint operation companies with equal shares with foreign oil companies. By analyzing the oil and gas investment environment in Oman and the pattern of product sharing contracts and the strengths and weaknesses of the joint venture company，this paper concludes that Chinese oil companies have achieved maximum benefits by playing the role of double check and audit supervision under equity stake. We then propose a series of risk control methods to enhance Chinese oil enterprises’investment profits，to maintain China’s rights and interests，and to achieve win-win cooperation，which include accurate analysis and forecast of the investment environment in the resource country，budget analysis and control，and full understanding of contract terms，reasonable tax planning and integrated oil cooperation strategy.

Key words: international petroleum cooperation, business strategy, risk control, oil trade, oil economy