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CO2 enhanced oil recovery (CO2 EOR) development in China and America was briefly compared to show the potential and challenges of CO2 flooding in oilfields where affordable CO2 was not available. Overview of field tests in China and were presented to show the complexity of CO2 flooding when the CO2 was not affordable for oilfields. The oil production of CO2 EOR in USA and China was compared. Typical 4 CO2 EOR field tests in America and China were analyzed. Use of CO2 as EOR agent was first proposed in 1920s. One of the first CO2 EOR laboratory tests in America was conducted in 1948, 13 years earlier than that in China. The first CO2 EOR patent and the first commercial CO2 EOR field test was in 1952 and 1972 respectively in America. The commercial test was a great success. Various tests were conducted later in the USA. By contrast, the first CO2 EOR pilot in China was conducted in 1987 by Sinopec by huff and puff. The CO2 EOR in Jilin Oilfield was notable for high concentration CO2 was contained in natural gas produced. One field in China showed that an incremental oil recovery of 25% may be obtained by injecting a large CO2 slug (0.9 HCPV) within around ten years, while another big CO2 EOR test in the USA reported a very good incremental oil recovery performance after CO2 was injected in more than 20 years. Although CO2 flooding was generally adopted in low permeability reservoirs in the USA, it was tested in both low and medium permeability reservoirs in China. The average IORF in America and China was 17% and 7% OOIP respectively. most CO2 EOR in the USA were miscible while most CO2 EOR in China were immiscible. Insufficient CO2 injection and higher MMP partly accounted for the immiscibility of CO2 EOR projects in China. CO2 EOR was still not commercially used in China because of CO2 source and high cost while the prospects of CO2 EOR in China was very good.