Investing patterns were credited in facilitating Chinese energy corporations’ acquisition of 160 rights in 43 investment projects. The main approach for Chinese energy corporations’ regional investments was the establishment of new energy corporations through joint-investment with host country’s enterprises and the merger with third-country enterprises. From 2003 to 2010, Chinese energy corporations acquired 39 rights through seven merger and acquisition projects. Five joint ventures were established, and 84 rights obtained, through cooperation with state-owned energy enterprises in Kazakhstan and Uzbekistan, respectively. The merger and acquisition project completed by the CNPC, in 2009, is the best example of this investment pattern. The CNPC and Khazak National Petroleum and Natural Gas Corporation, co-financed Mangistau Investments
B.V. in the Netherlands