HONG KONG (AFX-ASIA) – China International Trust & Investment (CITIC) and Canada’s Ivanhoe Energy will jointly invest 10 bln yuan to acquire an overseas oilfield, the Oriental Daily reported, citing market sources. (US$1=8.28 yuan). The acquisition is expected to be made in the first quarter via a joint venture company, which will subsequently raise US$500-600…
CHINA: CITIC, Ivanhoe Energy to invest 10 billion yuan to buy oilfield
Posted on December 12, 2002 by EnergyAsia