BEIJING (AFX-ASIA) – CNOOC Ltd, China’s main offshore oil producer, will proceed with its planned US$500-750 million 10-year bond issue to the international bond market despite being blocked from buying a stake in the North Caspian Sea Production Sharing Agreement, a banking source said. “CNOOC plans to sell the bonds to take advantage of the…
CHINA: CNOOC bond issue to proceed as planned despite blocked oil deal Ð sources
Posted on May 21, 2003 by EnergyAsia