Why does China allow Japanese companies to join the development of Chunxiao oil and gas field?
Absorption of foreign capitals in participating through cooperation in tapping offshore oil and gas resources is a common practice that complies with the Chinese laws and the international practice. Relevant Chinese companies have already undertaken cooperation with Unocal, Shell and other foreign companies in Chunxiao oil and gas field. The Chinese companies concerned allow the Japanese enterprises to participate in the development of Chunxiao oil and gas field in accordance with the Chinese laws, the nature of which is the same as the cooperation with Unocal and Shell and bears no special meaning. I would like to stress that it is just for that reason that such development through cooperation is under Chinese jurisdiction and is led by the Chinese companies. IV. Q: Some Japanese officials said that whether the development of Chunxiao oil and gas field should be called the joint development depends on the definition of joint development, and it is not important to call it “joint devel
