Central+African+Republic+Petroleum+and+Natural+Gas

=China Unlikely to Be Interested in Petroleum from Central African Republic=

Executive Summary:
Unlikely that China will invest in petroleum or natural gas imports from Central Africa Republic, due to decreases in petroleum exports and lack of proved oil and natural gas reserves, oil production, crude oil production, and refinery capacity.

Discussion:
Shaanxi Yanchang Petroleum (Group) Co. Ltd., a Shaanxi Province-based oil producer, announced on July 27 that it has signed an agreement with China Poly Group Corp. to cooperate on oil and gas development in the Central African Republic. According to the announcement, Yanchang Petroleum will hold a controlling interest in the cooperative exploration of the Block-B Oil and Gasfield. The company did not disclose information regarding the block's potential oil and gas reserves.US Energy Information Administration reports Central African Republic has zero proved oil and gas reserves, zero oil refinery capacity, and negative 2.95 estimated petroleum net exports.

** Analytic Confidence: **
Analytic confidence is medium. Source reliability ranges from medium to high. There is no conflict between sources. The analyst had low expertise on the subject, worked alone while also collaborating with a group, and did not use a structured analytic method. The subject is moderately complex and the deadline was moderately easy to meet.
 * Analyst:** RoseAnna Wright