(EnergyAsia, September 24 2010, Thursday) — CNOOC Ltd and China Petrochemical Corp (Sinopec), two of the country’s largest oil and gas companies, are preparing a large joint bid for upstream assets in Brazil. The two companies are considering offering as much as US$7 billion to acquire the assets as well as a stake in Brazilian…
CHINA: CNOOC and Sinopec may bid US$7 billion for Brazilian oil assets
Posted on September 23, 2010 by EnergyAsia