『Abstract
　This paper argues that both China and the Western countries need to de-politicize China's global quest for energy security. The Western pollutions need to recognize that their rhetoric in relation to China's efforts to secure energy supplies overseas has done nothing but intensify China's fear that they might seek to deny China's access to the oil it needs for the development. China needs to reconsider its stance of distrusting global oil markets and to recognize that the reliance on aggressive acquisitions of overseas oil fields and equity oil production has been of little help in strengthening its energy security. Given that China's energy security depends increasingly and deeply on the stability of global oil markets and reliable and growing oil supplies to the market, China shares with other major oil importing countries profound common interests in maintaining and strengthening the stability of global oil markets and reducing the chance of potential disruptions to oil supply and the resulting damaging oil price shocks.

Keywords: Energy security; Equity oil production; National oil companies』

1. Introduction
2. Concerns about the Chinese NOCs' overbidding and investment losses abroad
3. Are the Chinese NOCs' equity oil shares improving China's energy security
4. Concluding remarks
Acknowledgments
References