(EnergyAsia, June 25 2010, Friday) — China invested a total of US$25 billion last year acquiring international companies that will yield a net output of more than one million b/d of crude oil this year, said Edinburgh, Scotland-based consultants Wood Mackenzie. State firms CNPC/PetroChina, Sinopec Group and CNOOC Ltd are expected to continue their rapid…
CHINA: State oil companies invested US$25b in overseas firms with output above 1 million b/d
Posted on June 24, 2010 by EnergyAsia