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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">najge</journal-id><journal-title-group><journal-title xml:lang="ru">Геоэкономика энергетики</journal-title><trans-title-group xml:lang="en"><trans-title>Geoeconomics of Energetics</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2687-0703</issn><publisher><publisher-name>АНО Институт стран СНГ</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.48137/26870703_2025_31_3_51</article-id><article-id custom-type="elpub" pub-id-type="custom">najge-187</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>ЭНЕРГЕТИЧЕСКАЯ ПОЛИТИКА</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>ENERGY POLICY</subject></subj-group></article-categories><title-group><article-title>МЕЖДУНАРОДНАЯ ДЕЯТЕЛЬНОСТЬ CNPC: ИНСТИТУЦИОНАЛЬНЫЕ ОСОБЕННОСТИ И ПОСЛЕДСТВИЯ ДЛЯ СТРАН-ПАРТНЕРОВ</article-title><trans-title-group xml:lang="en"><trans-title>INTERNATIONAL ACTIVITIES OF CNPC: INSTITUTIONAL FEATURES AND IMPLICATIONS FOR PARTNER COUNTRIES</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-9317-7432</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Куликов</surname><given-names>А. М.</given-names></name><name name-style="western" xml:lang="en"><surname>Kulikov</surname><given-names>A. M.</given-names></name></name-alternatives><bio xml:lang="ru"><p>КУЛИКОВ Андрей Михайлович, кандидат исторических наук, доцент Кафедры международного бизнеса</p><p>г. Москва, 125167, пр. Ленинградский, д. 49/2 </p></bio><bio xml:lang="en"><p>Andrey M. KULIKOV, PhD in History, associate professor of International Business Department</p><p>49/2, Leningradsky Ave., Moscow, 125167 </p></bio><email xlink:type="simple">amkulikov@fa.ru</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0009-0005-0374-1335</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Никитин</surname><given-names>Е. Н.</given-names></name><name name-style="western" xml:lang="en"><surname>Nikitin</surname><given-names>E. N.</given-names></name></name-alternatives><bio xml:lang="ru"><p>НИКИТИН Егор Николаевич, магистрант </p><p>г. Москва, 125167, пр. Ленинградский, д. 49/2 </p></bio><bio xml:lang="en"><p>Egor N. NIKITIN, master’s student</p><p>49/2, Leningradsky Ave., Moscow, 125167 </p></bio><email xlink:type="simple">241364@edu.fa.ru</email><xref ref-type="aff" rid="aff-1"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Финансовый университет при Правительстве РФ</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Financial  University  under  the Government of the Russian Federation</institution><country>Russian Federation</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2025</year></pub-date><pub-date pub-type="epub"><day>08</day><month>11</month><year>2025</year></pub-date><volume>0</volume><issue>3</issue><fpage>51</fpage><lpage>63</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Куликов А.М., Никитин Е.Н., 2025</copyright-statement><copyright-year>2025</copyright-year><copyright-holder xml:lang="ru">Куликов А.М., Никитин Е.Н.</copyright-holder><copyright-holder xml:lang="en">Kulikov A.M., Nikitin E.N.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://www.geoenergy-journal.ru/jour/article/view/187">https://www.geoenergy-journal.ru/jour/article/view/187</self-uri><abstract><p>В настоящей статье рассматривается международная экспансия Китайской национальной нефтегазовой корпорации (CNPC) как ключевой пример для понимания взаимосвязи государственной власти и корпоративного управления в мировом энергетическом секторе. CNPC одновременно является крупнейшим государственным предприятием КНР в нефтегазовом секторе и политическим инструментом Коммунистической партии Китая (КПК), влияющей на управленческие стимулы, стратегические решения и проекты за рубежом. В работе проводится институциональный анализ со сравнительными примерами из региона Африки и Латинской Америки. Исследуется структура управления CNPC, финансовая и дипломатическая поддержка со стороны государства и реализация проектов. Отражены противоречия между экономическими интересами и политическими директивами. Опыт Венесуэлы, Судана, Чада и Эквадора показывает, что CNPC процветает в условиях, характеризующихся слабыми институциональными рамками и ограниченной прозрачностью, когда межправительственные соглашения и долгосрочные политические обязательства обеспечивают рычаги влияния. В то же время его деятельность приносит неоднозначные результаты принимающим странам, включая инвестиции в развитие инфраструктуры, а также долговую нагрузку, экологические риски и проблемы управления. Делается вывод, что CNPC является примером «глобализации, инициированной государством», в которой государственные компании функционируют одновременно как участники рынка и инструменты национальной стратегии, подчеркивая более широкие последствия подъема КНР на Глобальном Юге.</p></abstract><trans-abstract xml:lang="en"><p>This article examines the international expansion of the China National Petroleum Corporation (CNPC) as a key example for understanding the interrelation between state power and corporate governance in the global energy sector. CNPC is both the largest state-owned enterprise in China’s oil and gas industry and a political instrument of the Chinese Communist Party (CCP), which influences management incentives, strategic decisions, and overseas projects. The study employs an institutional analysis supported by comparative examples from Africa and Latin America. It explores CNPC’s governance structure, state-backed financial and diplomatic support mechanisms, and the implementation of specific international projects. The authors pay special attention to the discrepancies between economic objectives and political directives. The experiences of Venezuela, Sudan, Chad, and Ecuador demonstrate that CNPC tends to thrive in environments marked by weak institutional frameworks and limited transparency, where intergovernmental agreements and long-term political commitments provide leverage. At the same time, its activities produce mixed outcomes for host countries, including investments in infrastructure development alongside increased debt, environmental risks, and governance challenges. The article concludes that CNPC represents a case of “state-led globalization”, in which state enterprises operate simultaneously as market actors and instruments of national strategy, highlighting the broader implications of China’s rise across the Global South.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>Китайская национальная нефтегазовая корпорация (CNPC)</kwd><kwd>государственные предприятия</kwd><kwd>корпоративное управление</kwd><kwd>энергетическая безопасность</kwd><kwd>Африка</kwd><kwd>Латинская Америка</kwd><kwd>КНР</kwd><kwd>прямые иностранные инвестиции</kwd></kwd-group><kwd-group xml:lang="en"><kwd>China National Petroleum Corporation (CNPC)</kwd><kwd>state-owned enterprises</kwd><kwd>corporate governance</kwd><kwd>energy security</kwd><kwd>Africa</kwd><kwd>Latin America</kwd><kwd>outward foreign direct investment</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Arriagada G., Espinasa R., Baragwanath K., 2014. 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