(EnergyAsia, February 20 2014, Thursday) — Hong Kong-listed oil trader and storage operator Brightoil Petroleum Holdings Ltd has made its long awaited move into the upstream sector by agreeing to acquire the Chinese assets of US firm Anadarko Petroleum for US$1.075 billion. Brightoil, which has been struggling to reverse the fortunes of its downstream business,…
CHINA: Brightoil Petroleum ventures into upstream sector with US$1.075 billion purchase of Anadarko’s assets
Posted on February 20, 2014 by EnergyAsia