(EnergyAsia, January 11 2010, Monday) — Chinese state-owned firms are on a buying spree for overseas natural resources firms, in particular those involved in energy. Last October, Sinochem group struck a £532 million deal to acquire UK-based oil and gas explorer Emerald Energy, which has fields in Syria and Colombia. (US$1=£0.63). At the same time,…
CHINA: State firms continue buying spree for overseas energy firms
Posted on January 10, 2010 by EnergyAsia