(EnergyAsia, May 24, Thursday) — Hong Kong-listed CITIC Resources Holdings Ltd will become China’s fourth-largest oil producer once it completes its proposed US$1.035 billion acquisition of the Kazakhstan oil assets of its parent, CITIC Group. Citic Resources has conditionally agreed to acquire from CITIC Group the shares in several companies engaged in the exploration,…
CHINA: CITIC Resources boosted by US$1 billion acquisition of Kazakhstan oil assets
Posted on May 24, 2007 by EnergyAsia