(EnergyAsia, May 17 2010, Monday) — The Chinese government has directed state energy firms to form consortia or avoid competing against each other when bidding for overseas oil and gas assets to ensure that they do not overpay or drive up prices of acquisition targets. The National Energy Administration and National Development and Reform Commission…
CHINA: State energy firms to collaborate in pursuing overseas acquisitions
Posted on May 16, 2010 by EnergyAsia