This article compares US and Chinese incentives in winning oil contracts in African countries. Exploration and development of African oil resources has soared, and many nations are competing for these new oil contracts. China has won a significant portion of these oil contracts due to their unique incentive offerings. This report will address a brief history and the development of Sino–African policies and interests, modern US–African energy policy and interests, petroleum opportunities in Africa, China’s growing oil demand, and information on both American and Chinese incentives strategies. This information will be used to compare US and Chinese incentive strategies on winning African oil contracts. Implications for the future will [...]
