(EnergyAsia, February 27) — Ivanhoe Energy Inc and CITIC Resources, a subsidiary of China’s CITIC Group, said that CITIC Resources will convert its 40% working interest in the Kongnan Project in China’s Dagang oilfield into shares of Ivanhoe Energy. CITIC, formerly China International Trust & Investment Corporation, will pay a total of US$27,386,135, comprising…
CHINA: CITIC Group to invest in Ivanhoe Energy as part of quest to secure international energy resou
Posted on February 27, 2006 by EnergyAsia