中文摘要：

最近几年，中国和印度这两大新兴经济体以国家石油公司为依托加入到非洲石油资源开发热潮之中。两国在非洲的石油投资战略各有优劣。中国国家石油公司在非洲的投资地理分布较广，资金雄厚，投资规模较大，决策过程迅速，与政府和金融机构的关系融洽，但是投资项目风险过高。而印度的优势在于国家石油公司运作模式更多地同西方商业模式接轨，更加充分考虑投资项目的风险一收益状况。两国的国家石油公司在非洲都面临着巨大挑战。

英文摘要：

Over the past several years, the high quality oil reserves boasted by the African continent have attracted a number of states which are net oil import-ers. The rising economies of China and India have recently joined the ranks of states developing oil resources in Africa, primarily through their state owned oil companies. The investment strategies of these two states in the oil industry in Afri-ca have their respective advantages and disadvantages. Chinese companies have diversified their investments geographically across the African continent, have in-jected a large quantity of capital, and have a large scale of investment. Chinese companies also make policy decisions extremely quickly, maintain strong relations with governments and financial institutions, but are exposed to high levels of risk in their investment projects. India＇ s advantage is that its state owned oil compa-nies follow operating models of private Western commercial companies, and pay closer attention to the relationship between risk and benefits when investing in pro-jects. While so, state owned enterprises from the two countries face similar chal-lenges in their investments strategies in Africa.