The Role of China in the Middle East’s Energy Market: A New Economic Powerhouse?

Zainab Jabbar Sawza Alhaddad and Tomi Sah ()
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Zainab Jabbar Sawza Alhaddad: International Holding
Tomi Sah: Tsinghua University, School of Public Policy and Management

A chapter in Proceedings of the 1st International Conference of Economics, Management, Accounting, and Business Digital (ICEMAB 2024), 2024, pp 107-115 from Springer

Abstract: Abstract China’s expanding presence in the Middle Eastern energy markets has emerged as a significant development in the 21st century, reflecting the country’s rapid economic growth and increasing energy demands. As the world’s largest energy consumer, China seeks to diversify its energy sources and secure long-term supply chains, leading to substantial investments and strategic partnerships in the Middle East. This paper aims to analyze China’s evolving role in the region’s energy markets and assess the geopolitical implications of its energy strategies, particularly about traditional Western dominance. The research adopts a qualitative approach, utilizing case studies of China’s major energy investments and infrastructure projects in key countries such as Saudi Arabia, Iraq, and Iran. Data is drawn from secondary sources, including scholarly articles, international reports, and policy documents, to comprehensively understand the shift in global energy dynamics. The findings reveal that China’s strategic investments, facilitated through initiatives like the Belt and Road Initiative, reshape the global energy landscape by diversifying energy flows, securing alternative supply routes, and forming robust alliances. China is challenging Western influence and creating a more multipolar energy market by integrating itself deeply into the region’s infrastructure. China’s approach to economic diplomacy, which prioritizes mutual benefit and long-term contracts, has also allowed it to navigate regional instability and political complexities effectively. This study contributes to the academic discourse on energy geopolitics by offering insights into China’s energy security strategies and their broader implications for global power dynamics.

Keywords: Energy Geopolitics; China-Middle East Relations; Global Energy Markets (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-614-7_15

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DOI: 10.2991/978-94-6463-614-7_15

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